Niva Bupa Health Insurance Company Receives Refund Sanction Order Reaching ₹22.12 Crores
Niva Bupa Health Insurance Company Ltd has secured a significant tax refund following proceedings related to input tax credit disallowance. The company received the Refund Sanction Order from the Office of the Deputy Commissioner of State Tax, Mumbai, on July 14, 2026.The sanction order awards a total refund of ₹22.12 crores to Niva Bupa. This financial resolution pertains to a matter that was previously referenced in the company's prospectus regarding material tax litigation. The dispute involved the disallowance of input tax credit for the period spanning July 2017 to September 2022.
The receipt of this order signifies that the matter has been resolved entirely in favor of Niva Bupa Health Insurance Company Ltd.
Details concerning the resolution and the refund are summarized below:
| Event Detail | Particulars |
|---|---|
| Date of Sanction Order | July 14, 2026 |
| Issuing Authority | Office of the Deputy Commissioner of State Tax, Mumbai |
| Sanctioned Refund Amount | ₹22.12 crores |
| Period Covered | July 2017 to September 2022 |
| Resolution Status | Matter has been resolved in favor of the Company |
NIVABUPA Stock Price Movement
Niva Bupa Health Insurance Company Limited shares edged higher today, settling at ₹88.36 after a solid gain of 2.65%. The equity saw movement throughout the session, trading between an intraday low of ₹86.22 and a high that reached ₹88.89.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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