Futher, the company's management stated that it is expecting to settle the matter amicably.
West Coast Paper Mills, part of Bangur group, is one of the leading player in the Indian Paper Industry.
The company's consolidated net profit jumped 237.9% to Rs 263.74 crore on 42.1% rise in net sales to Rs 1,239.16 crore in Q3 FY23 over Q3 FY22.