Writ petitions filed in the Bombay High Court that were pending before the Supreme Court have been re-transfered to the former for 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 a sum of Rs 175.07 crore with in a period of 6 weeks, Cipla said.
The Supreme Court has directed that "the petitioners in those petitions to comply with in 6 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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