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Mangalam Worldwide Ltd. ( (IN:MWL) ) has issued an update.
Mangalam Worldwide Limited has secured a favourable ruling from the National Company Law Tribunal (NCLT), Ahmedabad Bench, which has set aside a demand raised by the tax authorities for Central Goods and Services Tax (CGST) along with associated interest and penalties. The case stemmed from a June 2024 order by the Assistant Commissioner of CGST in Ahmedabad, seeking Rs 22.67 lakh plus interest and penalty, which the company had challenged as contrary to law. The NCLT’s January 12, 2026 decision removes this tax demand, easing a potential financial liability and reflecting positively on the company’s compliance stance and regulatory position, while also clarifying its exposure under the disputed CGST assessment.
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