Refusing to grant any relief, the Bombay High Court (HC) on October 1, directed the beer manufacturer, United Breweries, to pay water bills from the year 2001 till date to the Maharashtra Industrial Development Corporation (MIDC). This judgment was passed in respect to a petition filed by United Breweries challenging a circular issued by MIDC in October last year.
MIDC issued the circular along with the increased water bills in accordance to a notification issued by the Maharashtra government in 2001 raising water rates by 1000 percent for industries that are classified as ‘industries using water as raw material.’
The company, engaged in manufacturing beer under brand names such as Kingfisher and London Pilsner, filed a petition against the Corporation claiming that latter did not serve one month notice period regarding changes in the water rates. However, the court not finding any merit in the argument dismissed the petition.
However, a division bench of Justices A M Khanwilkar and P D Kode hearing a petition has stayed its order for four weeks to permit the company to approach the apex court. But at the same time has directed to deposit 50 percent of the due amount as security.
| Company Name | CMP |
|---|---|
| United Spirits | 1270.50 |
| United Breweries | 2105.55 |
| Radico Khaitan | 1718.75 |
| Globus Spirits | 797.00 |
| GM Breweries | 636.15 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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