The order was passed by the Goa Bench of Bombay High Court.

The stock surged as much as 8.2 percent to its day's high of ₹140.70. The stock has already shed over 42 percent in the last 1 year and 36 percent in 2023 YTD. It also lost over 21 percent in September after the Directorate General of GST Intelligence, Hyderabad sent notice of GST shortfall to the firm.

"Basis a statement made on behalf of the concerned tax authorities, the Hon'ble High Court has directed such authorities not to pass any final orders on the captioned show cause notices without the prior permission of the Hon'ble High Court. Dates have been fixed for completion of pleadings, and the hearing and final disposal of such writ petitions," Delta Corp told stock exchanges.

On September 22, Delta had disclosed demands for payments received for shortfall of tax from the Directorate General of GST Intelligence, Hyderabad.

As per the demand, notices were sent to Delta Corp and its subsidiaries as follows -

Delta Corp: close to ₹11,140 crore; subsidiary Highstreet Cruises and Entertainment: near ₹3,290 crore; and subsidiary Delta Pleasure Cruise Company: about ₹1,766 crore.

On September 25, Delta Corp received a notice for a tax shortfall of ₹11,140 crore, whereas, its subsidiaries were issued notices for an amount totalling ₹5,682 crore. The alleged shortfall in the payment of tax pertained to the period between July 2017 and March 2022.

Delta Corp also received fresh notices of alleged shortfall in the payment of GST to the tune of ₹6,384 crore, as per a regulatory filing made by the casino chain operator on October 14.

Delta Corp operates casinos, as well is present in the online gaming space through its subsidiary Deltatech Gaming.Earlier, the Sikkim High Court on October 20 directed to maintain status quo until the next hearing.

Delta Corp saw a significant decline in July 2023 when the GST Council announced new tax rates of 28 percent for gaming affecting its core businesses, including casinos, horse racing, and online gaming.