
Legal24 Sept 2026, 09:54 pm
NIS Management Files Writ Petition Against ESIC Over ₹2.17 Cr Damages Claim
AI Summary
NIS Management Ltd has initiated a Writ Petition before the Hon'ble High Court at Calcutta against the Employees' State Insurance Corporation (ESIC). This action is in response to various notices received from ESIC demanding payment of damages totaling ₹2,16,99,099. The company believes the claim is unsustainable and intends to vigorously contest it, asserting that it does not currently anticipate any financial liability, subject to the court's decision. Legal steps are being taken to protect the company's interests.
Key Highlights
- Company files Writ Petition against ESIC at Calcutta High Court.
- ESIC claims damages of ₹2,16,99,099 against NIS Management.
- NIS Management deems the claim unsustainable and will contest it.
- No immediate financial liability anticipated by the company.
- Legal action aims to protect company's interests and rights.
Price Impact
More from NISMGMT