SG Mart Gets Interim Stay on Stamp Duty Orders from Delhi High Court
SG Mart Limited received an interim stay from the Delhi High Court on stamp duty orders dated May 26, 2026. The stay is conditional upon depositing 50% of the duty and penalty, amounting to ₹95.80 lakhs, within one month. The hearing for the company's writ petition was on May 29, 2026.
The interim stay provides temporary relief, but the company still needs to deposit a significant amount of ₹95.80 lakhs, which could impact short-term liquidity. The final outcome of the litigation remains uncertain.
The company has obtained an interim stay from the High Court, which is a favorable development in the ongoing litigation regarding stamp duty.
SG Mart Limited (formerly Kintech Renewables Limited) has provided an update regarding the stamp duty matter and proceedings before the Hon’ble Delhi High Court. In continuation of a previous disclosure dated May 27, 2026, the company informed that its writ petition challenging the orders passed by the Office of Collector of Stamps, Revenue Department, Government of NCT of Delhi, was heard on May 29, 2026.
The Hon’ble High Court of Delhi has granted an interim stay on the operation of the impugned orders dated May 26, 2026. This stay is subject to the condition that the company deposits 50% of the duty and penalty amount, which totals ₹95.80 lakhs across both impugned orders, within a period of one month.
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SG Mart Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SG Mart Limited. Read the original for the full detail.