Prism Johnson Legal & Regulatory
Prism Johnson won an appeal at CESTAT, New Delhi, resulting in the dismissal of a Rs. 11.53 Crore excise duty demand and penalty. No adverse impact exists.
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Prism Johnson won an appeal at CESTAT, New Delhi, resulting in the dismissal of a Rs. 11.53 Crore excise duty demand and penalty. No adverse impact exists.
Prism Johnson announced the CESTAT set aside an excise duty demand and penalty totaling Rs. 11.53 Crores. This litigation update represents a favorable outcome for the company.
Prism Johnson Ltd announced that the Commissioner (Appeals) set aside a GST demand of Rs. 22.70 Crores. This favorable order resolves the tax litigation with no financial impact.
Prism Johnson Ltd faces a ₹0.1 Crore bank guarantee invocation by the Maharashtra State Pollution Control Board for alleged non-compliance. The firm denies receiving direct communication.
Prism Johnson Ltd won an arbitration award against M/s Doosan Power Systems India Pvt.Ltd. for ₹8.87 Crore. The amount, covering claims and interest, is payable by May 27, 2026. The company had previously written off this claim, so the recovery will positively impact its financials.