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Cipla has been asked by the Supreme Court to deposit ₹175.07 crore with regard to cases pertaining to overcharging of certain drugs, the pharmaceuticals major said.
Writ petitions filed in the Bombay High Court that were pending before the Supreme Court have been re-transferred to the Bombay High Court for a final hearing, Cipla said citing an apex court order.
In a regulatory filing, Cipla said the Supreme Court had directed the government to recover 50 per cent of the ‘overcharged’ amounts.
“Accordingly, the company is required to deposit ₹175.07 crore within a period of six weeks,” Cipla said.
Interim order in place
The interim order restraining the government from recovering the balance amount has been continued by the Supreme Court, it added. The Supreme Court has directed “the petitioners in those petitions to comply within six weeks with its direction for deposit contained in its order dated August 1, 2003,” the filing said.
Cipla said the Bombay High Court will now hear these matters on merits.
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