Supreme Court dismisses BNCMC's plea against Antony Waste, orders payment within 3 months
The Supreme Court dismissed BNCMC's Special Leave Petition against Antony Waste Handling Cell Limited. BNCMC must now disburse the settlement amount of ₹15 crore within three months, or face 9% annual interest. This resolves a long-standing dispute stemming from a 2005 waste management contract.
The litigation involved a substantial settlement amount and has been ongoing since 2013. Resolution of this matter, while positive, is unlikely to have a drastic immediate impact on the company's overall financial performance, hence medium impact.
The company received a favorable outcome in a significant litigation, with the Supreme Court dismissing the opposing party's petition and ordering payment, which is a positive development.
Antony Waste Handling Cell Limited (AWHCL) has received an order from the Hon'ble Supreme Court of India dated May 05, 2026, in the matter of "Bhiwandi Nizampur City Municipal Corporation" versus "Antony Waste Handling Cell Limited". The Supreme Court has dismissed the Special Leave Petition filed by the Bhiwandi Nizampur City Municipal Corporation (BNCMC), which challenged the Bombay High Court's order.
The litigation pertains to a Solid Waste Management contract awarded to AWHCL by BNCMC in 2005. Following BNCMC's breaches and illegal termination, AWHCL initiated arbitration proceedings in March 2013, claiming loss of profit. An arbitrator ruled in favor of AWHCL for claims exceeding ₹15 crore with interest. Subsequently, BNCMC agreed to a settlement of ₹15 crore, which was approved by the Corporation's Standing Committee and consent terms were executed. The Bombay High Court recorded this compromise on July 3, 2020, and by a final order on March 5, 2021, upheld the validity of the settlement.
BNCMC challenged the High Court's order by filing a Special Leave Petition before the Supreme Court on August 24, 2021. The Supreme Court, in its order on May 05, 2026, dismissed this petition and has instructed BNCMC to disburse the due amount within three months from the judgment date. Failure to do so will result in the amount carrying interest at 9% per annum from the date the compromise was initially arrived at.
What to do with a filing like this
Antony Waste Handling Cell 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 Antony Waste Handling Cell Limited. Read the original for the full detail.