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.