Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryNotablemateriality 61 out of 100
What happened
FactPendency of Litigation(s)/dispute(s) or the outcome impacting the Company. ESL Steel Limited (“ESL”), a subsidiary of Vedanta Iron And Steel Limited (“VISL”), has received a Demand-cum-Show. Rs. 29,16,89,049/-, CGST of Rs. 3,26,41,238/-, SGST of Rs. 3,26,41,238/-, and Cess of Rs. 3,88,61,019/- towards alleged.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%