Legal14 Oct 2026, 04:50 pm
BCCL Loses Supreme Court Case, Ordered to Pay ₹46.20 Cr
AI Summary
Bharat Coking Coal Limited (BCCL) has been ordered by the Supreme Court of India to pay ₹46.20 crore plus 10.5% annual interest to AT-Libra BPL (JV). This decision stems from a contractual dispute related to hiring heavy earth-moving machinery for coal handling at the Golukdih NC Project. The Supreme Court dismissed BCCL's petition against a Jharkhand High Court order, which had affirmed a lower court's decree. BCCL's counsel has advised filing a Review Petition against the order.
Key Highlights
- Supreme Court dismisses BCCL's petition in contractual dispute.
- BCCL ordered to pay ₹46.20 crore plus 10.5% interest.
- Dispute concerns hiring of heavy earth-moving machinery.
- Company advised to file a Review Petition.
- Further developments will be disclosed as they occur.
Price Impact
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