Supreme Court sets aside NCLT and NCLAT orders, refers dispute to arbitration

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.2%Reaction day

₹636.60

prior close

₹662.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%+3.4% vs market

Packaging peers, median of 60sector+1.2%+4.1% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 4.1 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+5.2+1.9+3.4+1.2+4.1

Next day

+10.0+0.4+9.6-0.2+10.1

+15.3-0.7+16.0-1.1+16.4

+18.6+2.3+16.3+0.0+18.6

+15.5+4.1+11.4+1.1+14.4

+12.2+4.6+7.5+2.2+10.0

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15d

-3.4+7.5-10.9+1.3-4.7

+7.5+7.4+0.1+0.5+7.0

-1.4+11.2-12.5+1.7-3.0

+6.0+13.9-7.8+8.9-2.9

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Supreme Court on June 8, 2026 set aside the earlier NCLT order of February 5, 2026 and the NCLAT order of February 26, 2026 in a dispute with Monet Securities Pvt. Ltd. and others regarding maintainability before NCLT. The disputes have now been referred to a sole arbitrator appointed by the Supreme Court. The matter remains sub-judice and financial impact cannot be ascertained yet.

Likely market impact

Favorable for the company as NCLT proceedings are set aside; dispute now moves to arbitration. Financial impact still unclear.