Share Prices & Company Research

Market News

17 Apr 2019 | 13:12

Panthera Resources sees possible deferral of key India court case

Panthera Resources said a court case regarding the future of its activities in India could be deferred until after the completion of elections.

The High Court of Rajasthan had deferred a pending case to an as yet unspecified later date.

'It is possible that this case will be heard prior to the completion of the current elections, and if this occurs, we anticipate it will be further deferred until such time as the new government is decided and both the government and the administration begin to return to normal operations,' the company said.

Indian elections were announced on 12 March and commenced on 11 April. They would continue through 19 May with results to be known on 23 May.

'As previously noted, once elections are announced in India, election rules prevent the incumbent government from enacting any meaningful legislation or making significant decisions and it is usual for the Courts to follow similar protocols,' Panthera said.

'In the meantime, our very strong stay order remains in place and protects the rights of the joint venture over the entire area of the prospecting licence application.'

At 1:12pm: (LON:PAT) Panthera Resources Plc Ord 1p share price was -2p at 8.75p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.