Legal29 Oct 2026, 06:20 pm
SEPC Ltd: Jharkhand High Court Stays Rescission of 7 Water Supply Contracts
AI Summary
SEPC Ltd has received an interim stay from the Hon'ble High Court of Jharkhand regarding the rescinding notices issued by the Executive Engineers of the Drinking Water and Sanitation Divisions, Government of Jharkhand. These notices had aimed to terminate agreements for seven ongoing Rural Water Supply projects. The High Court has granted an ad-interim protection, staying the operation and effect of the rescinding notices until the next hearing scheduled for November 30, 2026. This legal reprieve allows SEPC to secure its contractual rights while pursuing further legal remedies and dispute resolution mechanisms.
Key Highlights
- SEPC Ltd secured an interim stay from Jharkhand High Court.
- The stay halts the rescission of seven water supply contracts.
- Legal protection granted until the next court hearing on November 30, 2026.
- Company continues to pursue dispute resolution and contractual rights.
Price Impact
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