Hindustan Copper Limited (HCL) has announced an update regarding the ongoing legal matter with M/s IVRCLMCCDL-TCL-DM Consortium. The consortium has filed an appeal before the Madhya Pradesh High Court, Jabalpur, seeking to set aside or modify a previous stay order dated 16.09.2026. HCL’s advocate has accepted the notice, and the company has been granted time to file its reply, with the next hearing scheduled for 14.12.2026.
Legal Update on Consortium Dispute
Hindustan Copper Limited (HCL) has provided a further update concerning the legal proceedings involving M/s IVRCLMCCDL-TCL-DM Consortium. This update follows previous disclosures on 04.05.2026 and 22.09.2026.
Consortium Files Appeal
As per a notice received on 29.10.2026 from the Hon’ble High Court of Madhya Pradesh, Jabalpur, the IVRCL-MCCDL-TCL-DM Consortium has filed an appeal. This appeal, designated as Misc. Petition No. 6506/2026, is directed against the Stay Order issued on 16.09.2026 by the Commercial Court, Jabalpur. The consortium is seeking to have the conditions of the stay order set aside or modified, and has also requested interim relief by way of a stay on the aforementioned stay order.
Court Proceedings
The first listing date for this matter before the Madhya Pradesh High Court, Jabalpur, was 29.10.2026. Hindustan Copper Limited’s legal counsel appeared and formally accepted the notice.
HCL’s Response and Next Steps
The High Court has granted HCL time to file its response. The subsequent hearing date has been scheduled for 14.12.2026.
Other Litigation Status
In other matters related to litigation against key management personnel, promoters, or ultimate controlling persons, the information provided is Not Applicable.
Regarding any event of settlement of proceedings, including terms, compensation, or penalties paid, and their impact on the listed entity’s financial position, the status is None, as the matter is subjudice.
Source: BSE
