Care Health Insurance (Religare) Unlisted Shares
Religare Enterprises – Subsidiary Care Health Insurance Gets Bombay HC Stay on GST Demand
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2 min read
Expert Analysis:
Care Health Insurance (CHIL), a material subsidiary of Religare Enterprises Ltd, has received a stay order from the Bombay High Court on March 26, 2026, providing relief against a GST demand raised by tax authorities.
The disputed matter involves a GST demand of ₹17.68 crore along with an equal penalty of ₹17.68 crore, relating to SEZ-related issues for FY2017-18 to FY2023-24.
The High Court stayed the operation of the original GST order until final disposal of the writ petition, effectively suspending any immediate enforcement action.
As a result of the stay, the company has indicated no immediate financial impact, with no requirement to pay the disputed demand or penalty at this stage.
The case pertains to industry-wide GST interpretation issues, suggesting similar disputes may exist across insurance companies operating in SEZ frameworks.
The Bombay High Court’s stay on the ₹35+ crore GST demand (including penalty) provides temporary relief with zero immediate financial impact for Care Health Insurance, though the final outcome of the legal proceedings remains a key monitorable risk.
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