SUPREME COURT PULLS UP RANBAXY ON LATE REFUND DEMAND

Search News

THE Supreme Court has admonished drug major Ranbaxy Laboratories for not raising on the relevant occasion the issue of refunding Rs one crore penalty the government imposed on it for allegedly overcharging drug prices.

   A Bench headed by Justice V S Sirpurkar, while hearing the Centre’s plea, flayed Ranbaxy for not raising the issue when the matter was decided in May last year in the apex court.

  "Why did you keep quiet at the time when the final orders were passed? You failed to raise the issue and now you want refund ... You were sleeping then or you were in coma?" Justice Sirpurkar observed. However, the Court permitted the company to move an application seeking the refund. The Ranbaxy counsel sought refund of Rs 1 crore with interest more than a year after SC upheld the firm’s position in May 2008. SC in January this year dismissed the review plea filed by the Center challenging its decision of May 12 last year wherein it had held that exemption from the Drug Prices (Control) Order shall relate to drugs just manufactured in the period of exemption and they need not be sold also during the interval. SC Bench in its May 2008 verdict observed that a manufacturer is not in a position to know when a drug will be sold.

Find Lawyer / Law Firm

Rights of the Transgender Community in a Corporate Environment

When it comes to transgender rights, our country is still eons behind when we compare it with other nations like the US and Brazil who have tapped into into Pink/LGBTQIA tourism in particular which More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More