Delta Corp shares were trading green and rallied 5% on 25 October after the casino major received an interim relief from the Bombay High Court on show-cause notices from the tax department.

In its regulatory filing, the company said that the Bombay High Court at Goa had examined the written petitions submitted by the company and its subsidiary against the income tax show-cause notices. The Bombay High Court at Goa issued an order that prohibited authorities from making any definitive decisions without prior court approval.

The dates have been fixed for the completion of pleadings, the hearing and final disposal of such written petitions.

The company’s stock came under focus after the company and its subsidiaries received direct tax notices. On 22 September, Delta Corp received a tax notice for Rs 11,140 crore. In contrast, its subsidiaries Casino Deltin Denzong, Highstreet Cruises, and Delta Pleasure Cruise had also received notices amounting to Rs 5,682 crore.

Since then, the shares have hit a reverse rally and reached a 52-week low. Moreover, the stock almost fell 9% in one day last week and has fallen over 22% in the last month.

Casino and gaming companies have been under a lot of pressure after the GST Council levied a 28% tax on the entire face value of chips purchased for playing.

At 12:25 pm, the shares of Delta Corp were trading 2.31% above at Rs 133 on NSE.