The Supreme Court on Friday stayed the order of the Madras high court directing Sterlite Industries to close down its copper smelting plant in Tuticorin, Tamil Nadu. A bench comprising Justice R. V. Raveendran and H. L. Gokhale stayed operation of the order of the high court till October 18, the next date of hearing.
Sterlite’s lawyer submitted that if the high court order is not stayed, then it would be a big loss to the company, as the plant would have to be shut down.