Legal22 Dec 2025, 06:21 pm
Shri Vasuprada Plantations Receives Favourable Order from Kerala High Court
AI Summary
Shri Vasuprada Plantations Ltd has received a favourable order dated 16 December 2025 from the Hon’ble High Court of Kerala at Ernakulam in the matter of IANo. 1 0f2025 in WA No. 599 of 2020. The order permits the Company to cut, remove, and replant rubber trees, and recalls the earlier direction requiring deposit of entire sale proceeds with the Forest Department. The Court has further directed quarterly submission of statement of accounts to the Forest Department and permitted Forest officials to oversee the cutting, removal, and replanting activities. This order is expected to have a favourable impact on the operations and financial position of the Company.
Key Highlights
- Shri Vasuprada Plantations Ltd has received a favourable order from the Hon’ble High Court of Kerala at Ernakulam
- The order permits the Company to cut, remove, and replant rubber trees
- The Court has recalled its earlier direction requiring deposit of entire sale proceeds with the Forest Department
- Quarterly submission of statement of accounts to the Forest Department has been directed
- The order is expected to have a favourable impact on the operations and financial position of the Company
Price Impact
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