In a significant development for Mauria Udyog Limited, the High Court of New Delhi has issued an order restraining Vishnu Kumar Sureka (HUF) and others from selling, alienating, transferring, or creating third-party rights regarding their shareholding in the company. This interim order stems from a petition filed by Navneet Kumar Sureka under Section 9 of the Arbitration & Conciliation Act, 1996.

Key Details of the Court Order

• Petitioner: Navneet Kumar Sureka
• Respondents: Vishnu Kumar Sureka HUF and others
• Court: High Court of New Delhi
• Case Number: O.M.P.(I) (COMM.) 404/2025
• Date of Order: September 25, 2025

Background of the Dispute

The dispute arises from an alleged violation of a Family Settlement and Memorandum of Understanding (MoU) dated May 4, 2024. According to the petition:

1. The Sureka family had agreed to divide control and management of family-held companies.
2. Mauria Udyog Limited was to come under the exclusive control of Navneet Kumar Sureka, his wife, his son, and Navneet Kumar Sureka HUF.
3. The MoU was executed to formalize the terms of a partial Family Settlement.

Allegations and Court's Observations

1. Share Dilution: The petitioner claims that from August 15, 2025, Vishnu Kumar Sureka HUF began alienating shares of Mauria Udyog Limited.
2. Shareholding Decrease: The HUF's shareholding reportedly decreased from 1,00,61,500 equity shares to 79,19,036 shares, representing approximately a 21.29% divestment.
3. Market Impact: The court noted that this offloading resulted in a significant decline in share value during the week ending September 5, 2025.

Court's Decision

The High Court, prima facie, found merit in the petitioner's case and issued the following directives:

1. Respondents (including Vishnu Kumar Sureka HUF) are restrained from selling, alienating, transferring, or creating third-party rights in their Mauria Udyog Limited shares.
2. This order remains in effect until the next hearing date.

Implications

This court order has significant implications for Mauria Udyog Limited's ownership structure and potentially its stock market performance. Investors and stakeholders should closely monitor further developments in this family dispute and its impact on the company's governance and operations.

The case underscores the complexities that can arise in family-owned businesses, especially when it comes to succession planning and control distribution. It also highlights the importance of clear and binding agreements in family settlements to prevent future disputes.

As the matter is sub-judice, further details await the next court hearing and potential arbitration proceedings.

In a recent development that has caught the attention of consumers and the dairy industry alike, Amul , one of India's leading dairy cooperatives, has provided clarity on the impact of the recent Goods and Services Tax (GST) rate cut on milk prices.

GST Council's Decision

The GST Council recently approved the removal of the 5% tax on packaged milk, with the new rates set to take effect from September 22. This decision was initially expected to bring relief to consumers in the form of reduced milk prices.

Amul's Clarification

However, Jayen Mehta, Managing Director of Amul, has clarified that the price change will not be as widespread as some may have anticipated. According to Mehta, the prices of fresh pouch milk will remain unchanged. This is because fresh milk already enjoyed a zero percent GST rate prior to the council's decision.

Impact on UHT Milk

The real impact of the GST rate cut will be seen in the prices of Ultra-High Temperature (UHT) milk products. These products, which previously carried a 5% GST, will now see a reduction in price due to the tax being reduced to nil.

Current Pricing

For context, Amul's current pricing structure for fresh milk remains as follows:

Expected Price Reduction

While initial expectations suggested that the GST exemption could lead to a price reduction of approximately Rs 3.00 to 4.00 per litre, Amul has clarified that this reduction will only apply to UHT milk products. Fresh milk pouches, which make up a significant portion of daily consumer purchases, will not see any price changes.

This clarification from Amul provides important information for consumers and highlights the nuanced impact of tax policy changes on different product categories within the dairy industry. While UHT milk consumers may see some relief, the majority of fresh milk buyers will not experience any immediate price benefits from this GST rate adjustment.