NCLAT sets aside ₹301 crore CCI penalty against Grasim
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Summary
The National Company Law Appellate Tribunal (NCLAT) on Tuesday set aside a ₹301.61 crore penalty imposed by the Competition Commission of India on Grasim Industries Ltd for alleged abuse of dominance in the viscose staple fibre (VSF) market [Grasim Vs Competition Commission of India].A Bench comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra held that the CCI order violated principles of natural justice. Therefore, the NCLAT remanded the matter to the CCI for