NSE/BSE Codes: BSE: 501425, NSE: BBTC
Summary of Key Information:
Nature of Event / Disclosure:
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the outcome of an Interlocutory Application filed before the Hon'ble Supreme Court of India.
Involved Parties / Authorities:
- The Bombay Burmah Trading Corporation Limited (BBTC)
- Hon'ble Supreme Court of India
- Central Empowered Committee
- State Government of Tamil Nadu
- Learned Amicus Curiae
Date / Timeline of Event:
- July 21, 2026: Previous disclosure made regarding ongoing judicial proceedings
- May 29, 2026: Supreme Court order containing para 59 with lease rent observation
- August 19, 2026: Supreme Court order allowing BBTC's Interlocutory Application
- August 25, 2026: Order made available on Supreme Court website
- August 26, 2026: Current disclosure date
Brief Description of Outcome / Dispute:
The Hon'ble Supreme Court has allowed BBTC's Interlocutory Application (IA No. 207972 of 2026) and recalled the observations contained in para 59 of its order dated May 29, 2026. The recalled observations had mentioned that lease rent of INR 4,655.24 crore "remain to be recovered" by the State Government from BBTC concerning its erstwhile tea estate in Singampatti, Tamil Nadu.
Impact of Outcome:
Financial Impact:
The recall of para 59 observations eliminates the previously recorded statement about INR 4,655.24 crore lease rent liability. The Court specifically noted that this amount had neither been the subject matter of a notice served upon BBTC nor been finally determined after affording BBTC an opportunity of hearing.
Operational / Business / Strategic Impact:
The favorable order removes the potential financial overhang of a significant lease rent liability that was mentioned in the Supreme Court's previous order. The matter concerned BBTC's erstwhile tea estate in Singampatti, Tamil Nadu, indicating it relates to historical operations rather than current business activities.
Other Implications:
The successful recall of the observations protects the company's legal position and prevents potential reputational damage that could have arisen from the recorded but uncontested lease rent amount.
Next Steps / Required Actions:
BBTC will continue to take all necessary steps in the matter and will keep stakeholders appropriately informed of any material developments. The Civil Appeal No. 6395-6397 of 2025 remains ongoing before the Supreme Court.