#penalty
NCLAT sets aside CCI's Rs 301.6-cr penalty on Grasim Industries, directs fresh hearing
The appellate tribunal NCLAT has overturned a Rs 301.6-crore penalty against Grasim Industries. The fair trade regulator CCI must now hear the Aditya Birla Group firm again. NCLAT found Grasim was not given a chance to present arguments after the CCI differed…
NCLAT sets aside CCI's Rs 301.6-cr penalty on Grasim Industries, directs fresh hearing
The appellate tribunal NCLAT has overturned a Rs 301.6-crore penalty against Grasim Industries. The fair trade regulator CCI must now hear the Aditya Birla Group firm again. NCLAT found Grasim was not given a chance to present arguments after the CCI differed…
NCLAT sets aside ₹301.61 crore CCI penalty on Grasim, orders fresh hearing
The appellate tribunal said due process was not followed in imposing the penalty and sent the case back to the regulator for reconsideration.
Vedanta Aluminium told to pay Rs 233 crore for unauthorised water extraction in Odisha
Vedanta Aluminium faces a hefty Rs 233.11 crore demand for unauthorized water extraction. The company allegedly drew large volumes of water daily from Bheden river without permission. This includes base charges, a six-time penalty, and monthly interest. The B…