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Bombay High Court quashed MBPA/TAMP notifications and retrospective rent demands through March 31, 2024, affirming Compromise Proposal rates. MBPA may reset rents thereafter only on fair, reasonable, non-profiteering principles. Context: materially reduces the previously disclosed litigation overhang.
IVP Ltd Secures Quashing Of ₹136 Crore MBPA Eviction Order
IVP Ltd Resumes Tarapur Plant Operations After MPCB Revokes Closure Order
IVP Ltd Ordered to Shut Tarapur Plant by Maharashtra Pollution Control Board
IVP Ltd Receives ₹136.81 Crore MBPT Eviction Order