Niva Bupa Health Insurance Company Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
NIVABUPA · price
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Awaiting price reaction for this filing.
Niva Bupa faced a GST demand of about ₹1,241.30 million (roughly ₹124 crore) from the Principal Commissioner CGST for non-payment of GST on co-insurance premium (₹2.78 million) and reinsurance commission (₹1,238.52 million) covering July 2017 to March 2022. The company had challenged this order through a writ petition before the Bombay High Court. In a favorable ruling on July 3, 2025, the High Court set aside the demand order and sent the matter back to the Adjudicating authority for a fresh hearing. Niva Bupa noted this is an industry-wide issue and stated there are no immediate financial implications.
Positive for shareholders — the court ruling overturns a significant demand order against the company, reducing near-term liability risk. However, the matter remains open as it has been remanded for reconsideration, so the final outcome is still uncertain.