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SC asks MP to withdraw attachment of NTPC unit bank a/c

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Press Trust of India New Delhi
Last Updated : Feb 10 2016 | 10:42 PM IST
State-run NTPC today said that Supreme Court has asked Madhya Pradesh Commercial Tax Authority to withdraw attachment of company's Vindhyachal Super Thermal Power Station's banks accounts.
The accounts were attached over dispute over quantum of levy entry tax after which it had filed a writ petition, the company said in BSE filing.
"The Supreme Court has order the M P Commercial Tax Authority to withdraw the attachment (of bank accounts of the plant) and has directed NTPC to deposit Rs 40 crore the registry of High Court," it said.
It further said that the apex court asked the the High Court to dispose of the writ petition within three months.
NTPC gave this explanation in response to a media report saying "SC stays order to attach NTPC plant".
The company said that the referred "media report is factually incorrect. There was no attachment of power plant".

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First Published: Feb 10 2016 | 10:42 PM IST

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