Bharat Coking Coal deposits ₹39.83 Cr for workmen arrears

1 min read     Updated on 07 Jul 2026, 03:28 AM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Bharat Coking Coal Ltd received approval to deposit ₹39.83 Cr with the Jharkhand High Court for workmen regularisation arrears, with total financial involvement assessed at ₹48.11 Cr. The deposit follows a May 4, 2026 court order in a contempt case related to a 2000 industrial tribunal award.

powered bylight_fuzz_icon
44894329

*this image is generated using AI for illustrative purposes only.

Bharat Coking Coal Ltd has approved a deposit of ₹39.83 Cr with the Jharkhand High Court to address arrears arising from the regularisation of 75 workmen. The total financial involvement in the litigation, including claims yet to be finalized, is assessed at approximately ₹48.11 Cr. The Committee of Functional Directors approved the deposit proposal on July 5, 2026, following a court directive to secure funds pending the identification of beneficiaries.

Background of the Dispute

The litigation stems from an Award dated June 8, 2000, by the Central Government Industrial Tribunal, Dhanbad, which directed the regularisation of workmen as Category-I General Mazdoors. Although a Single Judge of the Jharkhand High Court initially set aside the Award, a Division Bench later restored it. The company's subsequent challenges, including a Special Leave Petition and a Review Petition in the Supreme Court, were dismissed.

A Contempt (Civil) Case was initiated in 2025 alleging non-compliance with the Award. On May 4, 2026, the High Court directed the company to calculate the arrears and deposit the amount in two fixed deposits with the Registrar General.

Financial Details

The approved deposit of ₹39,83,01,981.63 covers arrears for workmen who have submitted claims and eligible dependants. The company assessed the total financial involvement, including claims yet to be finalized, at approximately ₹48,10,96,969.83.

Financial Detail Amount (₹)
Approved deposit for claimants 39,83,01,981.63
Total assessed financial involvement 48,10,96,969.83

Compliance and Status

The matter remains pending before the Jharkhand High Court at Ranchi. Bharat Coking Coal stated it is taking necessary steps to comply with the court's directions. The disclosure was made to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for Bharat Coking Coal

1 Day5 Days1 Month6 Months1 Year5 Years
-6.90%-5.21%-15.84%-10.69%-13.95%-13.95%

How will the remaining ₹8.28 Cr gap between the assessed liability and the current deposit impact BCCL's cash flow in the upcoming fiscal year?

Does this settlement set a precedent for similar pending regularization disputes within the coal mining sector?

What is the expected timeline for the Jharkhand High Court to finalize the identification of beneficiaries for the remaining claims?

Bharat Coking Coal litigation disposed of by Jharkhand High Court

1 min read     Updated on 06 Jul 2026, 09:58 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Bharat Coking Coal Limited announced the disposal of a material litigation by the Jharkhand High Court on June 30, 2026, with no adverse orders against the company. The writ petition, filed by Mahendra Singh regarding a 1989 case, had named the company as a respondent. The matter is now closed following the court's order.

powered bylight_fuzz_icon
44857684

*this image is generated using AI for illustrative purposes only.

bharat coking coal Limited has informed the stock exchanges that a material litigation disclosed in its offer documents has been disposed of by the Hon'ble High Court of Jharkhand at Ranchi. The court, via its order dated June 30, 2026, disposed of W.P. (Cr.) No. 652 of 2022, passing no adverse directions against the company. This development concludes the legal matter that was previously highlighted during the listing process.

The litigation originated from a writ petition filed by Mahendra Singh before the High Court under Article 226 of the Constitution of India. The petition sought directions for authorities to arrest accused persons connected to a case dating back to July 13, 1989. Bharat Coking Coal Limited was impleaded in the petition on allegations that certain accused individuals were erstwhile employees of the company.

Following the court's decision, the company confirmed that the litigation stands closed. The disclosure was made to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disposal of the petition removes the legal uncertainty associated with the case. Bharat Coking Coal Limited stated that the information was submitted for the exchanges' records and necessary purposes.

Historical Stock Returns for Bharat Coking Coal

1 Day5 Days1 Month6 Months1 Year5 Years
-6.90%-5.21%-15.84%-10.69%-13.95%-13.95%

How will the resolution of this litigation impact Bharat Coking Coal's stock performance in the near term?

Are there any other pending legal or regulatory challenges that could affect the company's operations?

What measures will the company take to prevent similar legal disputes in the future?

More News on Bharat Coking Coal

1 Year Returns:-13.95%