Interarch Building Solutions Limited — Others, 29-04-2025: Action(s) taken or orders passed

Interarch Building Solutions Limited has received an order from the Joint Commissioner of Uttarakhand State GST, demanding a refund of ₹39.08 Cr for an alleged wrongful disbursement for the period from April 1, 2017, to June 30, 2017. The company plans to appeal this order. Additionally, an interest amount of approximately ₹18.40 Cr is being calculated at 15% per annum. This demand poses a notable financial impact, highlighting the need for stakeholders to stay informed on the situation's progression.