Market News

CCI moves SC against NCLAT order quashing penalty on Grasim

India's competition regulator is taking a stand by appealing to the Supreme Court over a tribunal’s recent decision that invalidated a ₹300-crore penalty against Grasim Industries. This penalty related to accusations of monopolistic behavior in the viscose staple fibre market. The tribunal mandated that Grasim be given an opportunity for defense, prompting the regulator to aim for the restoration of its previous decision against the company.