Ujaas Energy Limited — Important, 21-03-2025: General Updates

Ujaas Energy Limited has received a Show Cause Notice from the GST Department concerning liabilities from April 2021 to March 2023, amounting to a potential demand of ₹51.14 crore (cr), including interest and penalties. The company asserts that these liabilities arose during its Corporate Insolvency Resolution Process (CIRP) and should be unenforceable, citing a prior NCLT order that extinguished unpaid claims not included in the approved resolution plan. Ujaas plans to challenge the notice legally. Investors may view this as a risk; however, the strong defense from the company could offer a positive outlook if resolved favorably.