Legal27 May 2026, 12:42 pm
Om Power: MSME Complaint Dismissed; ₹181 Lakh Impact
AI Summary
Om Power Transmission Ltd. announced that the MSME Commissionerate, Gandhinagar, dismissed the company's complaint against Chromeni Steels Private Limited regarding delayed payments of ₹181.17 lakhs (including principal of ₹104.92 lakhs and interest of ₹76.25 lakhs). The dismissal occurred during the 339th MSEFC hearing on April 22, 2026, due to default. The financial impact is limited to the amount recoverable from Chromeni Steels, and the company is evaluating legal remedies. The order was received on May 26, 2026.
Key Highlights
- MSME Commissionerate dismissed Om Power's complaint against Chromeni Steels.
- The complaint pertained to delayed payments of ₹181.17 lakhs.
- Dismissal occurred due to default during the 339th MSEFC hearing.
- Financial impact limited to the amount recoverable from Chromeni Steels.
- Om Power is evaluating legal remedies.
Price Impact
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