Supreme Court stays deposit order regarding MSEDCL assessment for Kalpataru subsidiary
Kalpataru Ltd.'s wholly owned subsidiary, Kalpataru Retail Ventures Ltd. (KRVL), has successfully secured a stay of the High Court's direction regarding an amount assessed by Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). The intervention came from the Hon'ble Supreme Court in response to a Special Leave Petition filed by KRVL.The Supreme Court reviewed the matter and issued an interim Order that stayed the requirement for KRVL to deposit 50% of the amount assessed by MSEDCL. Furthermore, the Court directed the High Court to consider the interim relief requested in the Writ Petition. The Supreme Court also ordered that no adverse action shall be taken against KRVL until such consideration is completed.
This development follows previous disclosures concerning a directive from the Hon'ble High Court of Judicature at Bombay, which had required Kalpataru Retail Ventures Ltd. to make the deposit as assessed by MSEDCL.
Kalpataru received information regarding the interim Order passed by the Hon'ble Supreme Court through KRVL on July 23, 2026, around 6:30 p.m. The development marks a shift in the ongoing legal proceedings related to the matter.
KALPATARU Stock Price Movement
Kalpataru Limited shares today slipped by 1.98% to settle at ₹266.35, ending in negative territory after market close. The stock saw trading activity of 70067 shares 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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