Brief: FDC Ltd says writ petition filed before supreme court on alleged overcharging is withdrawn

FDC

27/07/2016 13:34

July 27 (Reuters) - F D C Ltd  FDC.NS : 
 * Pending legal cases before supreme court on alleged overcharging have been 
   disposed of, and writ petition filed before court is withdrawn 
 * Court has granted liberty to the writ petitioners to approach the appropriate 
   high courts for reliefs 
 * Says alleged overcharged amount is around INR 59.5 million 
 
 * Source text: 
FDC Ltd has informed BSE that pending legal cases before the Hon'ble Supreme Court, relating to alleged overcharging, under the Drugs (Price Control) Order 1995, have been disposed of, and the writ petition filed before the Hon'ble Supreme Court stands withdrawn. The Court has granted liberty to the Writ Petitioners to approach the appropriate High Courts for reliefs, challenging the impugned demand notice issued by Union of India.  
 
As per the demand notice in relation to overcharging received by the Company, the alleged overcharged amount is around Rs. 5.95 Crores (Rupees Five Crores and Ninety Five Lacs Only). The Company shall approach appropriate judicial/regulatory authority in this context. 
 
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