Eveready Industries secures HC stay on Rs 7.11 cr order
Eveready Industries India has successfully obtained an interim stay from the Delhi High Court against a May 15, 2026 order by the Patiala House Courts requiring payment of Rs 7.11 crores in damages to UCO Bank. The dispute concerns the alleged unauthorized occupation of 5,471 sq. feet at the UCO Bank Building in New Delhi. The company confirmed that the financial liability does not materially impact its operations.
*this image is generated using AI for illustrative purposes only.
Eveready Industries India has secured a stay from the Delhi High Court on an order passed by the Hon'ble Patiala House Courts, New Delhi, which had directed the company to pay damages estimated at approximately Rs. 7.11 crores to UCO Bank. The company filed a writ petition before the Hon'ble High Court of Delhi seeking interim relief in the matter. On May 22, 2026, the Hon'ble High Court of Delhi passed an interim order staying the impugned order of the District Court, Patiala House Courts, New Delhi.
Court Order Details
The proceedings relate to the alleged unauthorized occupation of a portion measuring 5,471 sq. feet at UCO Bank Building, Parliament Street, New Delhi – 110001. The original order, dated May 15, 2026, was disclosed by the company on May 18, 2026. The key details of the original court order are summarized below:
| Parameter: | Details |
|---|---|
| Court: | Hon'ble Patiala House Courts, New Delhi |
| Order Date: | May 15, 2026 |
| Property in Dispute: | UCO Bank Building, Parliament Street, New Delhi – 110001 |
| Area Under Dispute: | 5,471 sq. feet |
| Damages Payable: | Rs. 7.11 crores (excluding interest) |
| Payable To: | UCO Bank |
| Disclosure Date: | May 18, 2026 |
Delhi High Court Intervention
Following the district court's order, Eveready Industries moved the Delhi High Court. The High Court has granted a stay on the ruling, providing the company temporary relief from the damages order. Eveready Industries had clarified that the damages amount of Rs. 7.11 crores does not have any material impact on its operations.
Regulatory Disclosure
The intimation was submitted to the National Stock Exchange of India Ltd, BSE Limited, and The Calcutta Stock Exchange Limited in compliance with Regulation 30 of the SEBI Listing Regulations. The disclosure was signed by Shampa Ghosh Ray, Company Secretary of Eveready Industries India Limited.
Historical Stock Returns for Eveready Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.16% | +10.15% | +15.05% | +13.34% | +15.65% | +10.90% |
What is the expected timeline for the final hearing of the writ petition in the Delhi High Court?
How might the legal costs associated with this prolonged dispute impact Eveready's financial reserves?
Does Eveready Industries have a contingency plan if the stay is lifted and the damages order is reinstated?
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