[ad_1]
MUMBAI: The Nationwide Shopper Dispute Redressal Fee has dominated in favor of Nestlé India and dismissed central govt’s plea in opposition to the corporate by way of which it alleged that the agency indulged in unfair commerce practices by promoting Maggi Noodles prior to now.
The Division of Shopper Affairs had sought compensation of Rs 284.5 crore and punitive damages value Rs 355.4 crore from the corporate.The NCDRC handed an order in favor of Nestle on April 2, the corporate mentioned in a inventory trade submitting on Thursday.
“Criticism filed by the Union of India, Division of Shopper Affairs in 2015 earlier than the NCDRC on the allegation that by promoting Maggi Noodles prior to now, the corporate had indulged in unfair commerce apply by manufacturing and promoting of hazardous and faulty items to the general public. and thereby looking for compensation… was dismissed by NCDRC in favor of the corporate vide NCDRC’s order dated April 2, 2024. Copy of mentioned order was obtained by the corporate on April 3, 2024,” Nestle mentioned.
In 2015, Nestle’s instantaneous noodles Maggi was banned in India for 5 months on allegations of higher-than-permissible lead content material and taste enhancer monosodium glutamate (MSG). Nestle had destroyed round 38,000 tonnes of the noodles following the transfer. Govt’s motion in opposition to Nestle India was the primary occasion of the Division of Shopper Affairs shifting NCDRC.
The Division of Shopper Affairs had sought compensation of Rs 284.5 crore and punitive damages value Rs 355.4 crore from the corporate.The NCDRC handed an order in favor of Nestle on April 2, the corporate mentioned in a inventory trade submitting on Thursday.
“Criticism filed by the Union of India, Division of Shopper Affairs in 2015 earlier than the NCDRC on the allegation that by promoting Maggi Noodles prior to now, the corporate had indulged in unfair commerce apply by manufacturing and promoting of hazardous and faulty items to the general public. and thereby looking for compensation… was dismissed by NCDRC in favor of the corporate vide NCDRC’s order dated April 2, 2024. Copy of mentioned order was obtained by the corporate on April 3, 2024,” Nestle mentioned.
In 2015, Nestle’s instantaneous noodles Maggi was banned in India for 5 months on allegations of higher-than-permissible lead content material and taste enhancer monosodium glutamate (MSG). Nestle had destroyed round 38,000 tonnes of the noodles following the transfer. Govt’s motion in opposition to Nestle India was the primary occasion of the Division of Shopper Affairs shifting NCDRC.
We additionally printed the next articles not too long ago
Vastu shastra practices for April month
Renew and develop in April with Vastu practices. Declutter, refresh with colours, steadiness components, specific gratitude, and create a meditation nook for tranquility and constructive vitality at dwelling.
Renew and develop in April with Vastu practices. Declutter, refresh with colours, steadiness components, specific gratitude, and create a meditation nook for tranquility and constructive vitality at dwelling.
Traders are unwinding purchase India, promote China shares commerce
Traders are shifting focus from India to China resulting from engaging valuations and financial indicators. The MSCI China Index outperformed the MSCI India Index, reflecting a broader pattern of accelerating publicity to Chinese language equities in rising market funds.
Traders are shifting focus from India to China resulting from engaging valuations and financial indicators. The MSCI China Index outperformed the MSCI India Index, reflecting a broader pattern of accelerating publicity to Chinese language equities in rising market funds.
[ad_2]
2024-04-04 23:05:42
[
+ There are no comments
Add yours