Legal4 May 2026, 05:21 pm
Bihar Sponge Iron Receives ₹1.98 Cr Demand Notice Under IBC
AI Summary
Bihar Sponge Iron Ltd has received a demand notice under the Insolvency and Bankruptcy Code, 2016, from M/s Gohil Enterprises Private Limited for an alleged unpaid operational debt of ₹1,97,94,250. The company is reviewing the matter and taking legal steps, clarifying that it has not acknowledged or admitted the claim and does not recognize any liability.
Key Highlights
- Bihar Sponge Iron received a demand notice under IBC for ₹1.98 Cr.
- The notice was issued by M/s Gohil Enterprises Private Limited.
- The company is reviewing the demand notice and pursuing legal options.
- Bihar Sponge Iron has not acknowledged or admitted the claim.
- Disclosure is made in compliance with SEBI regulations.
Price Impact
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