Business Standard

Eveready Ind soars 10% after Delhi HC permits sale of Hyderabad property

In September, the Calcutta High Court had restrained the company from transferring, alienating or encumbering any of its assets till the application filed by IL&FS was disposed of.

McLeod and Eveready had made a prayer for a stay on the order
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McLeod and Eveready had made a prayer for a stay on the order

SI Reporter New Delhi
Shares of Eveready Industries India soared 10 per cent to Rs 59.3 on the BSE on Thurasday after the company said that the Delhi High Court has vacated the ad‐interim order of injunction in the IL&FS case, and has allowed to go ahead with the sale of the property at Hyderabad. 

"In reference to a matter filed against some of the promoters of the company, with regard to certain alleged dues, the HC had passed an ad‐interim ex‐parte order of injunction by which, inter alia, the company had been restrained from selling, transferring, alienating, disposing, assigning, dealing, encumbering or creating

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