E2E Networks: Delhi HC stays stamp duty order on ₹1.25 Cr deposit

E2E Networks Ltd has received an interim order from the Hon'ble High Court of Delhi concerning a stamp duty matter. The court has directed the company to deposit ₹1.25 crore with the court registry within one month. Upon this deposit, the operation of the impugned order passed by the Collector of Stamps will remain stayed until the next hearing. The deposited amount will be held in an interest-bearing Fixed Deposit Receipt. The company is complying with the interim directions and will pursue legal remedies, keeping stock exchanges informed of further developments.