ICICI Lombard General Insurance Company Limited has received an interim order from the Hon’ble Bombay High Court, providing an ad-interim stay to an earlier impugned order. This impugned order, received on September 30, 2025, had confirmed a GST demand of ₹17,288,610,803/-, levied a penalty of ₹1,728,861,079/-, and interest for the period July 2017 to March 2022. The original demand pertained to industry-wide issues concerning the taxability of co-insurance premium received as a follower and re-insurance commission across various states where the company was registered. The company had filed a Writ Petition before the Hon’ble Bombay High Court challenging the original order. The communication regarding the interim stay was received from the company’s tax advisors on January 22, 2026, at 3:04 p.m. The company states that there is no impact at this stage and that the information will be made available on the company's website.
