Bihar Sponge Iron Files ₹38 Cr Cheque Dishonour Complaint

Bihar Sponge Iron Limited has filed a legal complaint (Case No. 614 of 2026) under the Negotiable Instruments Act against M/s Vanraj Steels Private Limited & Others. The complaint pertains to the dishonour of cheques totaling ₹38,00,00,000 (Rupees Thirty-Eight Crores only), which were issued by the defendants towards their outstanding liability to the company. The case has been filed before the Sub-Divisional Judicial Magistrate at Chandil, Seraikela-Kharsawan.