Relief for Godrej: CESTAT Rules Provisional Refunds Given Under Court Orders Cannot Be Treated as Wrong Refunds, No Interest Payable

The CESTAT has provided relief to Godrej, ruling that "provisional refunds given under court orders cannot be treated as wrong refunds," and "no interest is payable." The tribunal's decision provides a significant victory for the company. The ruling clarifies that a company cannot be held responsible for the debts of its previous management. The court's decision is a crucial reminder to all companies that they must be diligent in their dealings.