To preface this story, the Tata Coffee company currently has control over a 942.56 acre piece of land, which is considered part of the Glenlorna Tea Estate, situated in the Kodagu District of Karnataka, India.
There was previously circulating news which declared that Tata Coffee was in risk of losing control over their Karnataka tea estate.
“During 2011, the company had applied for a certified copy of the RTC Records from the Revenue Authorities, at which time, it was noticed that the Revenue Authorities had unilaterally carried out changes in the Revenue Records by changing the tenure of the land from ‘Redeemed Sagu’ to ‘Reserve Forest’,” it said.
The company has now denied those statements.
In the year 2011, the company filed a writ petition to the High Court of Karnataka looking for various reliefs in their Kodagu District operation, causing the corresponding RTC entries.
The City Civil Court of Virajpet has been hearing this matter since the year 2013 and passed an order on the 3rd of December, 2021, where the court dismissed the suit filed by the company, stating that it does not have jurisdiction over such a case.
According to a Tata Group subsidiary, there is no judgement order necessitating any take-over of land.
“As evident from the above facts of the matter, the news item was partially incorrect in terms of stating that the city civil court has ordered taking over the said land from the Company. Thus, this matter is currently having no bearing/impact on the operations/performance of the company and do not attract the provisions of Regulation 30 of the SEBI Listing Regulations for disclosures to the stock exchanges,” – Tata Coffee said in an exchange filing today.