Legal5 May 2026, 08:11 pm
Grasim: NCLAT Sets Aside ₹301.61 Cr CCI Penalty
AI Summary
On May 5, 2026, the National Company Law Appellate Tribunal (NCLAT) set aside the Competition Commission of India (CCI) order dated March 16, 2020, which imposed a penalty of ₹301.61 crore on Grasim Industries related to its Viscose Staple Fibre (VSF) business. The matter has been remanded back to the CCI for a fresh hearing and consideration. Consequently, the penalty and certain behavioral directions previously imposed on the company have been nullified.
Key Highlights
- NCLAT quashes CCI's ₹301.61 crore penalty on Grasim Industries.
- The case regarding VSF business is sent back to CCI for fresh review.
- Penalty and behavioral directives previously imposed on Grasim are now set aside.
- Grasim had appealed against the CCI order and obtained a stay.