Legal30 Sept 2026, 05:40 pm
Aarti Pharmalabs Challenges ₹59.5 Cr Stamp Duty Order
AI Summary
Aarti Pharmalabs Ltd has filed a Writ Petition before the Hon'ble High Court of Gujarat at Ahmedabad challenging an order dated August 29, 2026, from the Office of the Superintendent of Stamps, Gandhinagar, Gujarat. This order levied stamp duty and penalties totaling ₹59,50,00,000 (₹59.5 Crore) in respect of a Scheme of Arrangement (Demerger) sanctioned by the Hon'ble NCLT, Ahmedabad Bench. This filing is a continuation of a previous communication dated September 02, 2026, regarding the same matter.
Key Highlights
- Company challenges ₹59.5 Crore stamp duty and penalty order.
- Writ Petition filed with Gujarat High Court against Superintendent of Stamps.
- Order relates to a Scheme of Arrangement (Demerger) sanctioned by NCLT.
- Legal challenge initiated to contest the levied amount.
Price Impact
More from AARTIPHARM