The State of Bihar acquired land from Gayday Iron and Steel Company Ltd. in 1961.

Gayday was admitted into liquidation in 1982 by the Calcutta High Court.

BSIDC was declared the successful auction purchaser of Gayday's assets by the Supreme Court in 1982.

BSIDC incorporated Magadh Spun Pipe Limited in 1985 and entrusted the assets to it.

Jupiter Spun Pipes & Casting Private Ltd. (CD) was incorporated in 1999.

Magadh took financial assistance from IRBI, with BSIDC as guarantor.

BSIDC attempted to lease out the unit to Machineries and Allied Products Pvt. Ltd. in 2000, but the lease was not executed.

The CD claims to have obtained a lease of land from BSIDC and Magadh in 2007.

SBI sanctioned credit facilities to the CD based on the lease deed dated 24.09.2007.

The State of Bihar acquired land from Gayday Iron and Steel Company Ltd. in 1961.

Gayday was admitted into liquidation in 1982 by the Calcutta High Court.

BSIDC was declared the successful auction purchaser of Gayday's assets by the Supreme Court in 1982.

BSIDC incorporated Magadh Spun Pipe Limited in 1985 and entrusted the assets to it.

Jupiter Spun Pipes & Casting Private Ltd. (CD) was incorporated in 1999.

Magadh took financial assistance from IRBI, with BSIDC as guarantor.

BSIDC attempted to lease out the unit to Machineries and Allied Products Pvt. Ltd. in 2000, but the lease was not executed.

The CD claims to have obtained a lease of land from BSIDC and Magadh in 2007.

SBI sanctioned credit facilities to the CD based on the lease deed dated 24.09.2007.