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The company has filed a Writ Petition with the Hon’ble Delhi High Court against a substantial GST demand amounting to ₹149.55 crore, with associated interest of ₹124.35 crore and a penalty of ₹14.96 crore for FY2019-20. This legal action follows an earlier notification regarding the receipt of the GST order. This development highlights a significant regulatory challenge for the company, with potential implications for its financial position and operations. Investors should remain attentive to further updates from the company as this matter unfolds.
All announcements from ICICI Lombard General Insurance Company Limited