Supreme Court stays High Court order on KRVL deposit

Kalpataru Ltd's wholly owned subsidiary, Kalpataru Retail Ventures Limited (KRVL), has received an interim order from the Hon'ble Supreme Court. This order stays the previous direction from the Hon'ble High Court of Judicature at Bombay, which had mandated KRVL to deposit 50% of the amount assessed by Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). The Supreme Court has directed the High Court to consider the interim relief in the Writ Petition and has ordered that no adverse action be taken against KRVL until this consideration is complete. The company was informed of this order on July 23, 2026.