Disclosure under Regulation 30 of SEBI LODR, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bihar Sponge Iron Limited has informed the stock exchange about filing a criminal complaint (Complaint Case No. 461 of 2026) under Section 138 read with Section 142 of the Negotiable Instruments Act, 1881. The complaint has been filed before the Sub-Divisional Judicial Magistrate court at Chandil, Seraikela-Kharsawan against Mr. Manoj Kumar Agarwal and others. The case relates to the dishonour of cheques that were issued by the accused parties towards discharging their financial liability to the company. The disclosure was made under Regulation 30 of SEBI LODR, 2015, and signed by the Company Secretary, Vimal Prasad Gupta. The company is essentially taking legal action to recover dues owed to it by the mentioned parties.
This is a recovery-driven legal action by the company to collect outstanding dues from a defaulter. For shareholders, the key takeaway is that the company is actively pursuing amounts owed to it, though the financial outcome and quantum of recovery will depend on the court proceedings.