Details of the Order
- Authority: Additional Commissioner of Central Tax, Office of the Commissioner of GST and Central Excise Chennai-Outer Commissionerate
- Date of Receipt: June 09, 2026
- Nature of Order: Order passed under Section 11A of the Central Excise Act, 1944, confirming demand and recovery of erroneously sanctioned refund amount
- Financial Demand: ₹1,67,07,937 (One Crore Sixty-Seven Lakh Seven Thousand Nine Hundred Thirty-Seven Rupees) along with applicable interest under Section 11AB of the Central Excise Act, 1944
- Reason for Demand: The Authority ascertained that the amount was erroneously refunded by the then Assistant Commissioner of Central Excise, Poonamalle Division
Company's Response and Assessment
- The company believes the order including the demand and interest is "unjustified and not sustainable in law and facts"
- The company intends to avail appropriate legal remedies and file an appeal before the competent appellate authority
- The subject matter pertains to a period prior to the commencement of Corporate Insolvency Resolution Process (CIRP)
- The company was subsequently acquired pursuant to an approved Resolution Plan sanctioned by the Hon'ble National Company Law Tribunal
- Management view: Liabilities pertaining to the period prior to acquisition stand appropriately addressed under the Resolution Plan and applicable law
Financial Impact Assessment
Based on the provisions of the approved Resolution Plan and applicable law, the company understands and believes that the order will not have a material impact on the financials, operations or other activities of the Company.