Sikkim High Court Reinstates Budgetary Support for Pharmaceutical Unit

Torrent Pharmaceuticals Ltd. Vs Union of India (Sikkim High Court) The Sikkim High Court has set aside a recovery order against Torrent Pharmaceuticals Ltd., which had been directed to refund over Rs. 12 crore in budgetary support along with interest. The court’s decision hinged on a prior judgment from its own Division Bench, which had already established a precedent on the core issue of a change in ownership. The case, Torrent Pharmaceuticals Ltd. Vs. Union of India, originated from a dispute over the eligibility of a pharmaceutical unit under the Budgetary Support Scheme (BSS), an inc...