<h1>Supreme Court Dismisses Department of Fertilizers Appeal, Upholding Subsidy Release Order to Paradeep Phosphates Limited</h1>
Paradeep Phosphates Limited has secured a favorable ruling after the Supreme Court dismissed an appeal filed by the Department of Fertilizers. The dismissal upheld the earlier order of the Hon'ble High Court of Delhi directing the DoF to release a significant subsidy amount to the company under the Nutrient Based Subsidy (NBS) Scheme.
The initial legal action was initiated when Paradeep Phosphates Limited filed a writ petition before the Hon'ble High Court of Delhi against the Department of Fertilizers (DoF). The company sought the release of a subsidy claim, along with applicable interest, amounting to ₹53.50 crores under the Nutrient Based Subsidy (NBS) Policy.
The Hon'ble High Court allowed the writ petition and directed the DoF to provide the subsidy claim to Paradeep Phosphates Limited. Subsequently, the Department of Fertilizers challenged this judgment before the Hon'ble Supreme Court.
The ultimate outcome came on August 7, 2026, when the Hon'ble Supreme Court issued an order dismissing the appeal filed by the Department of Fertilizers against the High Court's ruling. The company’s direction to the DoF regarding the subsidy claim was consequently upheld by the Supreme Court.
The details concerning this litigation are summarized below:
| Aspect | Details |
|---|---|
| Subsidy Claim | ₹53.50 crore under the Nutrient Based Subsidy (NBS) Policy. |
| Initial Action | Writ petition filed by Paradeep Phosphates Limited against Department of Fertilizers in High Court of Delhi. |
| Outcome | The Supreme Court dismissed the appeal filed by the Department of Fertilizers, thereby upholding the High Court's directive to release the subsidy. |
PARADEEP Stock Price Movement
On Friday, shares of Paradeep Phosphates Limited edged higher, closing at ₹149.45 after rising by 0.99%. The stock traded within a range defined by the day's lows of ₹146.81 and highs of ₹152.30, with approximately 6.18 million shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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