5243482026-08-105243482026-08-10in-capmkt:StageOfTheLitigationIsConcludedOrDisputeIsResolvedMember5243482026-08-10in-capmkt:DevelopmentInRelationToProceedingsMemberAARTIDRUGSAARTI DRUGS LIMITED524348NOTLISTEDINE767A01016Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)Regularly till the litigation is concluded or dispute is resolvedNewfalse2026-08-1019:23:002026-08-10Development in relation to proceedingsThe Company had received Show Cause Notice for alleged contravention of Rule 96(10) of CGST Rule proposing to demand IGST of Rs. 230.70 Crores along with applicable interest and penalty for FY 2017-18 to FY 2021-22. In continuation to the aforesaid Show Cause Notice, CGST & C.Ex. Authority passed the Order which, inter alia, included:- - Demand of erroneous sanctioned IGST refund of Rs. 20.72 Crores under Section 74(9) of the CGST Act, 2017 - Drop the demand of Rs. 209.98 Crores under Section 74 of the CGST Act, 2017 read with Section 20 of IGST Act 2017 - Demand of interest at the rates prescribed under the provisions of Section 50(1) of the CGST Act, 2017 - Imposition of penalty of Rs. 20.72 Crores under Section 74(9) of CGST Act, 2017 read with Section 122(2)(b) of CGST Act, 2017 The Company had filed writ petition at The High Court of Judicature at Bombay against the demand/ penalty mentioned in the aforesaid order of CGST & C.Ex. Authority. The Hon’ble High Court subsequently passed an order setting aside the said order of the CGST & C.Ex. Authority. Then, the GST department challenged the aforesaid Order of the Hon’ble High Court by filing a Special Leave Petition before the Hon’ble Supreme Court of India. Now, the Hon’ble Supreme has dismissed the Special Leave Petition filed by GST Department. Accordingly, the matter stands disposed of by the Hon’ble Supreme Court. 2026-03-16The Hon’ble Supreme has dismissed the Special Leave Petition filed by GST Department.Company