On September 22, it had directly received a tax notice of Rs 11,140 crore. The other notice, for Rs 5,682 crore had been raised against three of its subsidiaries Casino Deltin Denzong, Highstreet Cruises and Delta Pleasure Cruises
The September 22, claim by the tax department is 3.5x Delta Corp’s last closing market cap and more than double the company’s last decade’s revenue. One saving grace is that the company is debt free.