Legal9 Jul 2026, 01:43 pm
Nova Iron & Steel receives another Provisional Attachment Order from ED
AI Summary
Nova Iron & Steel Ltd has announced the receipt of a new Provisional Attachment Order, No. 17/2026, dated July 8, 2026, from the Directorate of Enforcement (ED). This follows a previous order disclosed on June 26, 2026. The company is currently reviewing the order's contents and, based on legal advice, plans to take appropriate legal steps to protect its interests and contest the matter. While the company is evaluating the implications, it currently believes the order will not materially impact its day-to-day operations.
Key Highlights
- Nova Iron & Steel received a second Provisional Attachment Order from the ED.
- The company is seeking legal counsel to contest the order.
- Current operations are not expected to be materially impacted.
- Further legal recourse will be pursued to safeguard interests.
Price Impact
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