Noida Toll Bridge Company Limited has informed the Exchange about General Updates - Update on Litigation
NOIDATOLL · price
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Awaiting price reaction for this filing.
Noida Toll Bridge Company has informed the stock exchanges that the Hon'ble Supreme Court of India has directed its Review Petition to be listed in open court on 9 May 2025. The Review Petition was filed on 19 January 2025 by the company against an earlier Supreme Court judgment dated 20 December 2024 in Civil Appeal No. 14826/2024 (Pradeep Puri vs. NTBCL & Ors.). The order was circulated on 3 April 2025 and received by the company on 2 May 2025. The matter is currently pending hearing and no interim order or stay has been mentioned. The company has stated there is no impact on its business operations or financial position from this development.
This is a procedural update with no immediate financial or operational impact. Investors should watch the 9 May 2025 hearing, as an adverse outcome in the review petition could have material implications given it stems from a December 2024 judgment the company is challenging.