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Panacea Biotec Ltd has announced a demand order of ₹7.03 Cr from the Assistant Commissioner of State Tax, Mumbai, related to GST on the transfer of leasehold rights in Navi Mumbai. This follows a previous demand that was set aside by the Bombay High Court and remanded for fresh adjudication. The current demand includes interest and penalty, adjusted against ₹3.14 Cr already paid under protest. The company considers the demand unsustainable and is exploring appeal options. No significant impact on the company’s financials or operations is expected.