Certificate proceeding initiated against company over alleged ₹ 38,16,83,32,765.16 recovery claim

Company has received a certificate proceeding (Certificate Case No. 01/2026-27) initiated by the Certificate Officer/Additional Collector, Dhanbad.

Thu 1 Oct 2026

Certificate Case Number

Certificate Case No. 01/2026-27

Alleged Outstanding Amount

₹ 38,16,83,32,765.16

Authority Initiating Proceeding

Certificate Officer/Additional Collector, Dhanbad

Statute Cited

Bihar and Orissa Public Demands Recovery Act, 1914

Claim Recoverable For

Government of Jharkhand

What happened

• The company has received a certificate proceeding bearing Certificate Case No. 01/2026-27.
• The proceeding was initiated by the Certificate Officer/Additional Collector, Dhanbad.
• It is under the provisions of the Bihar and Orissa Public Demands Recovery Act, 1914.
• It relates to an alleged outstanding amount of ₹ 38,16,83,32,765.16 claimed to be recoverable on behalf of the Government of Jharkhand.

What a certificate proceeding is

• It is a legal route for recovery of amounts claimed as public dues, started by a certificate officer.
• The update describes the amount as "alleged", so it is a claim, and the company has said it is examining the matter.

What the company has said

• It is presently in the process of obtaining further information and examining the matter, including the basis and details of the amount claimed.
• It shall take appropriate legal steps in the matter accordingly.
• Further developments, as and when material, will be disclosed to the stock exchanges.

Points for investors to track

• The amount stated in the proceeding, ₹ 38,16,83,32,765.16, and how the matter progresses.
• The company's stated position that the amount is alleged and that the basis and details of the claim are being examined.
• Any material developments the company discloses to the exchanges as the matter moves forward.

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