Article
NCLAT Sets Aside Abuse Of Dominance Order Against Grasim On Natural Justice Grounds
The National Company Law Appellate Tribunal overturned a Competition Commission of India decision that had penalized Grasim Industries approximately INR 300 crore for alleged abuse of dominance in the Viscose Staple Fibre market. The tribunal found that CCI violated natural justice principles by disagreeing with investigation findings without providing notice or hearing to Grasim, leading to a complete remand of the matter.
AZB & Partners