Supreme Court heard XLO India Ltd's petition for special leave to appeal against High Court order dated 27-02-2026.
Court stayed the impugned order, conditional on XLO depositing Rs 10 lakh in the Registry within four weeks.
Deposit to be placed in a three‑month interest‑bearing FDR with a nationalised bank offering the highest rate, auto‑renewable.
Failure to deposit within the deadline will result in automatic dismissal of the petition without further hearing.