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NCLT Cuttack dismissed Bhushan Power & Steel’s Section 7 IBC application seeking CIRP against Nova Iron & Steel over an alleged Rs.306.5 crore default. The Tribunal held the funding was project investment rather than financial debt, noted it had been written off, and found no debt or default.
Nova Iron & Steel Receives ED Attachment Order For ₹4.19 Crore Stake
Nova Iron & Steel Faces Fresh ED Attachment Of Assets Worth ₹16.7 Crore
Nova Iron & Steel Faces ED Provisional Attachment of ₹7.5 Crore Assets
Aromatic Steel to Acquire 9.22% Nova Iron Stake from Nilanchal