Saturday; July 23, 2016: The Pharma major has said that, “Supreme Court asked Cipla to put Rs 175.07 crore with look upon to cases pertaining to overcharging of certain drugs”

The writ appeal filed in the Bombay HC that were awaiting previous to the SC have been re-transfered to the former for final hearing.

As per the Cipla further said,“ the Supreme Court had directed the government to recover 50 % of the 'overcharged' amounts”.

"Accordingly the company is required to deposit a sum of Rs 175.07 crore with in a period of 6 weeks”, Cipla said.

It further added, “The interim order restraining the government from recovering the balance amount has been continued by the Supreme Court”

While, the filing said that,”the Supreme Court has directed that "the petitioners in those petitions to comply with in 6 weeks with its direction for deposit contained in its order dated August 1, 2003,"

Bombay High Court will now hear these matters on merits