Supreme Court upholds order setting aside ₹301.6 crore CCI penalty on Grasim
The Supreme Court upheld NCLAT’s decision to void the Competition Commission of India’s penalty against Grasim Industries over viscose staple fibre supply. The regulator must rehear the case; VSF is a key input for apparel and home-textile manufacturing.
The Supreme Court upheld an NCLAT ruling that voided CCI’s ₹301.6 crore penalty on Grasim over alleged abuse in viscose staple fibre supply, requiring the regulator to rehear the case. VSF is widely used in apparel and home textiles.
Why this matters
The ruling comes as Grasim advances its ₹74,000-crore five-year capex plan, scales Birla Opus and Birla Pivot, and backs the $1.8bn Sprng Energy deal across paints, B2B and fashion-linked businesses.
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