Supreme Court Upholds NCLAT Order Setting Aside ₹301 Crore Penalty On Grasim Industries
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The Supreme Court upheld an NCLAT order that set aside a ₹301.6 crore penalty imposed on Grasim Industries by the Competition Commission of India (CCI). The NCLAT had observed that CCI did not provide Grasim a chance to present arguments after differing from the findings of its Director General. The SC directed CCI to hear Grasim again over its alleged dominance in the viscose staple fibre market.
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