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MMTC: Update On Legal Case - Anglo American Metallurgical Pte Ltd Vs. MMTC Ltd.

Pursuant to Regn 30 of SEBI (LODR) Regns. 2015 it is hereby informed that the captioned matter was listed before the Honble high Court of Delhi on 14.12.2022. The Honble Court granted three weeks time to Decree holder (Anglo) for filing its reply to MMTCs application w.r.t. seeking the release of the original title deeds deposited by the Judgement Debtor in compliance of the order dated 22nd May 2019 and discharge/setting aside of direction issued in Paragraph 11 of order dated 28.9.2021 w.r.t. shareholding in Joint Ventures. Further the Honble court granted two weeks time to MMTC for filing rejoinder to the reply filed by Anglo Coal to the stay application filed by MMTC. Apart from the above applications M/s. Anglo Coal has also filed two more applications to which the Honble Court granted three weeks to MMTC for filing its reply. All the aforesaid applications are listed for hearing on 15.02.2023. Copy of above order is available on the website of Delhi High Court.

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