Legal8 Aug 2026, 02:31 pm
Nova Iron & Steel Receives Another Provisional Attachment Order
AI Summary
Nova Iron & Steel Ltd has announced receiving another provisional attachment order dated August 7, 2026, from the Directorate of Enforcement, New Delhi. This order, identified as Provisional Attachment Order No. 21/2026, is related to an ongoing investigation (ECIR/DLZO-I/02/2019) stemming from a CBI FIR concerning alleged financial irregularities and money laundering. The company is currently reviewing the order and will take appropriate legal steps to contest it. Nova Iron & Steel believes the order will not materially impact its day-to-day operations.
Key Highlights
- Company received a new provisional attachment order from the Directorate of Enforcement.
- The order is dated August 7, 2026, and is numbered 21/2026.
- Company is examining the order and plans to contest it legally.
- No material impact on day-to-day operations is anticipated.
- Order relates to an ECIR based on a CBI FIR and PMLA provisions.
Price Impact
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