Punjab Chemicals Secures Court Relief From ₹44.96 Crore IGST Demand

Punjab and Haryana High Court disposed of the Company’s writ petition in terms of the Hikal judgment, providing relief from the approximately ₹44.96 crore IGST demand, interest and penalties. No liability is presently expected to crystallise, subject to GST records being updated. Context: resolves a longstanding litigation overhang.