Legal24 Mar 2026, 01:35 pm
Nectar Lifesciences Challenges ₹89.32 Crore Demand in High Court
AI Summary
Nectar Lifesciences Ltd. has informed about a civil writ petition filed by the Principal Commissioner of CGST Commissionerate, Ludhiana, challenging an order of Commissioner (Appeal) regarding a ₹89.32 crore demand. The company contests the contentions and will file an appropriate response before the Hon’ble High Court. The matter is listed for hearing on April 28, 2026.
Key Highlights
- Nectar Lifesciences Ltd. is challenging a ₹89.32 crore demand in the High Court of Punjab and Haryana.
- The Principal Commissioner of CGST Commissionerate, Ludhiana, has filed a civil writ petition against the order of Commissioner (Appeal).
- The company strongly contests the contentions raised in the writ petition and will file an appropriate response before the High Court.
- The matter is listed for hearing on April 28, 2026.
- The final quantum of liability is presently not ascertainable.
Price Impact
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