Indian Railway Finance Corporation Limited — Others, 16-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Indian Railway Finance Corporation (IRFC) has filed a Writ Petition with the Madras High Court regarding a previously issued GST demand order of Rs. 230.55 crore. The court has allowed the petition and set aside the original demand, remanding the case for fresh consideration. IRFC is required to submit its response within four weeks, after which a personal hearing will be scheduled.

This development could potentially alleviate the financial pressure on IRFC regarding the GST demand, enhancing investor sentiment by reducing uncertainty. The court's decision reflects a supportive stance towards the company's position, suggesting a positive outlook moving forward.