Court Order / Legal Development
OMDC’s Supreme Court Petitions Against Jai Balaji Industries Dismissed
NSE
orissamine
BSE
590086
The Orissa Minerals Development Company Limited (OMDC) informed exchanges that the Supreme Court of India dismissed two Special Leave Petitions (SLPs) filed by the company against Jai Balaji Industries Limited, thereby upholding the earlier Calcutta High Court judgment.
PRICE-SENSITIVE TRIGGER
Event: Supreme Court Dismisses OMDC’s SLPs
Type: Court Order / Legal Development
Impact: Negative
Immediate Effect: The Supreme Court refused to interfere with the Calcutta High Court order, resulting in dismissal of OMDC’s petitions and closure of pending related applications.
Key Metrics:
- Case Reference: SLP (Civil) Diary Nos. 73842/2025 & 73816/2025
- Court: Supreme Court of India
- Original High Court Matter: FMA No. 939/2012 & FMA No. 941/2012
- Supreme Court Order Date: 08 May 2026
- Disclosure Date: 14 May 2026
Highlight:
- Supreme Court Dismissed Both Special Leave Petitions Filed by OMDC
What Happened ?
OMDC disclosed that the Supreme Court of India dismissed two Special Leave Petitions filed against Jai Balaji Industries Limited (JBIL). The petitions challenged a judgment and order passed by the Division Bench of the Calcutta High Court dated December 9, 2025.
As per the Supreme Court proceedings, the court found no valid reason to interfere with the High Court’s order and accordingly dismissed the petitions.
key highlights
Supreme Court Proceedings:
- The matter was heard before:
- Justice Sanjay Kumar
- Justice K. Vinod Chandran
- The Supreme Court condoned the delay in filing.
- However, the court stated that there was no good ground to interfere with the High Court judgment.
Court Order Outcome:
- Both Special Leave Petitions were dismissed.
- Pending applications, if any, were also disposed of.
- The order effectively upholds the Calcutta High Court ruling dated December 9, 2025.
Litigation Background:
- OMDC had filed the SLPs against Jai Balaji Industries Limited.
- The petitions arose from judgments passed in:
- FMA 939/2012
- FMA 941/2012
- The Supreme Court order was dated May 8, 2026 and received by the company on May 13, 2026.
Note:
- The filing does not disclose the direct financial implication arising from the dismissal order.
Risk Analysis
Key Risks:
- Limited legal recourse remaining in the matter.
- Potential impact arising from enforcement of the High Court judgment.
- Possible reputational impact from unsuccessful litigation.
- Uncertainty regarding downstream operational or financial consequences.
Worst Case Scenario:
- If the upheld High Court judgment carries material financial or operational obligations, OMDC may face liabilities, contractual disadvantages, or further legal complications.
Risk Level: Medium
Company Commentary
- OMDC informed exchanges that the Supreme Court dismissed both Special Leave Petitions.
- The company confirmed that the petitions challenged the Calcutta High Court judgment dated December 9, 2025.
- The Supreme Court order dated May 8, 2026 was received by the company on May 13, 2026.
Official Exchange Filing: The Orissa Minerals Development Company Limited