The Hon’ble Madras High Court has quashed proceedings initiated under Section 74 of the CGST Act against Apollo Tyres regarding a demand of ₹2,791 million. This legal victory effectively sets aside the entire demand. The initial litigation was disclosed on August 14, 2023. The details of the ruling were provided in an announcement dated December 5, 2025.
Favorable Court Decision
Apollo Tyres has received a favorable ruling from the Hon’ble Madras High Court. The court’s decision effectively nullifies proceedings related to a demand of ₹2,791 million. This resolves a significant legal matter for the company.
Details of the Ruling
The proceedings, initiated under Section 74 of the CGST Act, have been quashed by the court. This action means the entire demand of ₹2,791 million has been set aside, removing a substantial contingent liability from Apollo Tyres’ books. The matter pertained to composite supply issues.
Initial Disclosure
The initial notification regarding the pending litigation involving the sum of ₹2,791 million was released on August 14, 2023. The recent court decision marks a positive resolution to this previously disclosed issue.
Source: BSE