Legal21 May 2026, 12:06 pm
TeamLease Receives Stay Order from Karnataka High Court
AI Summary
TeamLease Services Ltd has received a stay order from the Hon'ble High Court of Karnataka on May 20, 2026, regarding a Show Cause Notice from the Employees' Provident Fund Organisation (EPFO). This follows the company's writ petition filed on May 12, 2026, with the High Court. The company had previously intimated the stock exchange about the receipt of the Show Cause Notice and the filing of the writ petition.
Key Highlights
- TeamLease received a stay order from the Karnataka High Court on May 20, 2026.
- The stay order relates to a Show Cause Notice received from the EPFO.
- The company filed a writ petition with the High Court on May 12, 2026.
- TeamLease will continue to update the stock exchanges on any material developments.
Price Impact
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