Order Details
- Authority: Employees' State Insurance Corporation, Gurugram, Haryana (ESIC)
- Order Date: September 3, 2026
- Receipt Date: September 7, 2026 (forwarded by banks to the company)
- Action Taken: ESIC issued orders to banks directing them to refrain from releasing funds amounting to ₹4.80 crore (approx.) from the company's bank accounts
Alleged Violations
ESIC alleges that the company failed to settle outstanding arrears totaling ₹3.19 crore (approx.) under Certificate(s) no. 6900xxxxxxxxx0704, dated November 12, 2018. The total alleged liability including interest, costs and charges stands at ₹4.80 crore (approx.).
Current Status and Financial Impact
- The amount under the order has been paid
- The company is in the process of filing appeals with courts/appellate authorities
- Management opinion: The orders are unsustainable and unlikely to have material impact on financials, operations or other activities of the company