NCLAT Sets Aside CCI Order of ₹301.61 Crore Penalty on Grasim Industries
The NCLAT set aside the CCI's order of March 16, 2020, which had imposed a ₹301.61 crore penalty on Grasim Industries for its VSF business. The matter has been remanded to CCI for a fresh hearing. The penalty and associated directions have been set aside.
While the immediate penalty has been set aside, the remand for a fresh hearing means the litigation is ongoing, and there's still a possibility of future financial implications or regulatory scrutiny.
The NCLAT has set aside the CCI's penalty, which is a positive development, but the case has been remanded for a fresh hearing. Therefore, the outcome is not definitively positive or negative yet.
Grasim Industries Limited has received an update regarding a litigation concerning its Viscose Staple Fibre (VSF) business. On 5th May 2026, the National Company Law Appellate Tribunal (NCLAT) passed an order setting aside the Competition Commission of India's (CCI) order dated 16th March 2020.
The original CCI order had imposed a penalty of ₹301.61 crore on Grasim Industries. The company had appealed this order before the NCLAT and had previously obtained a stay. Following the NCLAT's decision, the matter has been remanded back to the CCI for a fresh hearing and consideration. Consequently, the penalty of ₹301.61 crore and the associated behavioural directions previously imposed on the company have been set aside.
Grasim Industries had not created any provision in its books of account for this matter. The company has informed the stock exchanges about this development. This update pertains to a case filed under the Competition Act, 2002.
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Grasim Industries Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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