NFCL faces interim court order attaching bank accounts above Rs 7 crore

NFCL informed exchanges about an interim order from the Telangana High Court dated December 10, 2025, in a dispute with M/s. Tecnimont S.p.A. The court directed provisional attachment of all NFCL bank accounts for any amount over Rs. 7 crore. The case relates to arbitration proceedings under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996. NFCL says the order severely impacts operations and is filing an appeal, calling the order erroneous.