JB Chemicals to Move Higher Judiciary Against NGT Order
New Delhi : JB Chemicals and Pharmaceuticals plans to appeal the orders passed by National Green Tribunal against the company's Panoli bulk drugs plant before the higher judiciary.
"The company will appeal the orders passed by National Green Tribunal in the higher judiciary," JB Chemicals and Pharmaceuticals said in a BSE filing.
The company believes it has all necessary clearances and consents to carry on its industrial activities at the said plant and is in compliance with the applicable laws, it added.
National Green Tribunal by its May 17, 2016 order had not allowed the company's review application.
However, by an order dated May 18, 2016, NGT has stayed the May 17 order for a period of two months to enable the company to pursue the remedial actions, JB Chemicals & Pharmaceuticals said.
In January National Green Tribunal had directed the closure of industrial activities at company s bulk drugs plant at Panoli, Gujarat.
Stock of JB Chemicals & Pharmaceuticals was trading at Rs 259.50 in the afternoon trade on BSE, down 1.80 per cent.