MUMBAI - Tata Steel Limited (NSE:TATASTEEL) has secured an extension of interim protection from the High Court of Orissa in its ongoing legal battle over a ₹1,902.72 crore ($228 million) mining demand, according to a company statement released Wednesday.
The dispute centers on the company's Sukinda Chromite Block operations, where government authorities alleged a shortfall in mineral dispatches during the fourth year of its Mine Development and Production Agreement covering July 2023 through July 2024.
The Deputy Director of Mines in Jajpur issued the demand letter on July 3, claiming violations of Rule 12-A of the Minerals Concession Rules, 2016, and threatened appropriation of Tata Steel's performance security.
In response, Tata Steel filed a writ petition in the Orissa High Court on August 8 seeking to quash the demand. The court initially granted interim protection on August 14, preventing authorities from taking coercive action against the company.
Following a hearing on November 21, the High Court has extended this interim protection until the next scheduled hearing on December 3, according to the company disclosure.
The case is part of a series of similar disputes, as indicated by the court's decision to tag Tata Steel's petition with related cases.
The disclosure was made in compliance with India's Securities and Exchange Board regulations regarding material litigation affecting listed companies.
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