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Bombay HC Directs Fresh Hearing In ICICI Lombard's Rs 1,902-Crore GST Case

  • The Bombay High Court has directed a fresh hearing in ICICI Lombard's Rs 1,902-crore GST case.
  • The court overturned the earlier ruling regarding the tax demand and penalty, instructing a re-hearing while considering GST Council's decision and circulars.
  • ICICI Lombard mentioned no financial impact at this stage from the developments.
  • Shares of ICICI Lombard closed 0.5% lower after the news, with analysts keeping a positive outlook on the stock.

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