Owais Metal & Mineral Processing Enters CIRP After ₹117 Crore Default

NCLT admitted Hinduja Leyland Finance’s Section 7 petition against Owais Metal & Mineral Processing and initiated CIRP effective 13 August 2026. The creditor alleged ₹117.28 crore default across interconnected facilities; board powers are suspended, a moratorium applies and Rajesh Lohia was appointed IRP. Management says withdrawal has been filed, pending approval.