Win for Grasim Industries as Indian tribunal quashes textile pricing antitrust fine
( May 6, 2026, 01:31 GMT | Official Statement) -- MLex Summary: Grasim Industries has successfully challenged a Competition Commission of India order before India’s antitrust tribunal. On Tuesday, the National Company Law Appellate Tribunal set aside the 3.01 billion rupee ($32.7 million) penalty, ruling that the CCI had violated principles of natural justice by reversing the Director General's favorable findings without granting the textiles manufacturer an opportunity for rebuttal. The CCI's order identified Grasim as having abused its dominance in the market for the supply of viscose staple fibre to spinners. Order attached: ...
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