Calcutta High Court grants stay in writ petition against ESIC over Rs. 2,16,99,099/- damages demand

NIS Management Ltd says the Hon'ble High Court at Calcutta has granted a stay on proceedings arising from ESIC notices demanding damages of Rs. 2,16,99,099/-.

Thu 1 Oct 2026

Damages Demand

Rs. 2,16,99,099/-

Stay Period

up to 15th December, 2026, or until further orders, whichever is earlier

Court

Hon'ble High Court at Calcutta

Disclosure Date

October 01, 2026

Action Taken

Writ Petition shared challenging the notices and proposed recovery

What the company has disclosed

NIS Management Ltd has informed the exchange that the Hon'ble High Court at Calcutta has granted a stay in connection with the Writ Petition shared by the company against the Employees' State Insurance Corporation (ESIC). The stay applies to the proceedings pursuant to the notices issued by ESIC, which related to a demand for payment of damages amounting to Rs. 2,16,99,099/- (Rupees Two Crore Sixteen Lakh Ninety-Nine Thousand Ninety-Nine Only). The company states that the Writ Petition has been shared in relation to various notices received by it from ESIC over a period of time, seeking payment of the said damages, and that it has challenged the notices and the proposed recovery of damages before the Hon'ble Court.

How long the stay applies

• The stay has been granted up to 15th December, 2026, or until further orders, whichever is earlier.
• The company's disclosure is dated October 01, 2026.

What the annexure sets out

• Development in the proceedings: the company has challenged the notices and the proposed recovery before the Hon'ble Court, and the Hon'ble High Court at Calcutta has granted a stay up to 15th December, 2026, or until further orders, whichever is earlier.
• Litigation against key management personnel, promoter or ultimate person in control: Not Applicable.
• Settlement of the proceedings: Not Applicable.

What a stay means, in simple terms

A stay is an order that pauses the proceedings to which it applies for the period stated. Here, the proceedings pursuant to the ESIC notices, and the demand for damages referred to, are held in abeyance up to 15th December, 2026, or until further orders, whichever is earlier. A stay is an interim step in a matter that remains before the Hon'ble Court.

What may be relevant to follow

• Any further development in the Writ Petition, including whether the stay continues beyond 15th December, 2026.
• The damages amount involved is Rs. 2,16,99,099/-, as stated in the update.

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