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New India Assurance Company Limited has received a significant order alleging a GST liability of Rs 70.44 crore related to the sale of salvage from motor vehicle repairs covering the period from July 2017 to March 2022. The company plans to respond to the order and may pursue further legal avenues, including an appeal. This development could pose a risk to the company's financial health, reflected in potential contingent liabilities on its balance sheet. Investors may view this situation as a potential risk factor, affecting sentiment as the company navigates legal challenges.
All announcements from The New India Assurance Company Limited