Order of the Hon''ble Supreme Court

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ORISSAMINE · price

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-5.3%1-day move

₹4219.80

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₹4214.90

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AI summary

The Supreme Court of India dismissed two Special Leave Petitions filed by Orissa Minerals Development Company Ltd (OMDC) against Jai Balaji Industries Ltd on May 8, 2026. These SLPs (Diary No. 73842/2025 and 73816/2025) were challenging a December 9, 2025 judgment by the Calcutta High Court Division Bench. The Supreme Court found no sufficient grounds to interfere with the High Court's order, effectively upholding the lower court's decision against OMDC. The company received the order on May 13, 2026, and disclosed it on May 14, 2026. The matter appears to be a long-standing civil dispute between the two companies.

Likely market impact

This is an adverse legal outcome for OMDC as the Supreme Court refused to overturn the High Court judgment. Shareholders should monitor for any financial implications from the underlying dispute with Jai Balaji Industries, as the company has exhausted its appellate remedies.