According to the regualtory filing, this order was passed ex-parte without even issuing notice to the Company.
In compliance with the said order Punjab PCB has constituted a committee of 6 members to review its compliance and to submit report within 10 days from the date of issuance of the directions.
"The Company is proceeding to file an appeal before the Hon'ble Supreme Court and the same shall be filed immediately, seeking stay against the orders of and the proceedings before NGT. The Company is confident that the above stated matter shall be resolved within next 7-10 days and is taking appropriate legal recourse", said KRBL.
With regard to carrying out operating activity at this unit the company informed that the unit is already undergoing the annual maintenance activity and the same is expected to continue for next 15 days. The order restraining the operations of the said unit will not have an immediate impact.
"The other units of the company located at Barota-Haryana, Alipur-Delhi, and Gautam budh Nagar-Uttar Pradesh are running smoothly ensuring production and supply of our products," it added
At around 12:25 PM, KRBL was trading at Rs285.25 per piece up by Rs5 or 1.78% on Sensex.