What happened now (Supreme Court upholds NCLAT setting aside CCI’s penalty)?

The Supreme Court upheld an order of the National Company Law Appellate Tribunal (NCLAT) that had set aside a ₹301.6 crore penalty imposed by the Competition Commission of India (CCI) on Grasim Industries. The Supreme Court dismissed CCI’s appeal against the NCLAT order.

Nature of the competition dispute (alleged abuse of dominance in VSF)

The underlying competition dispute concerned alleged abuse of dominance in the viscose staple fibre (VSF) market. CCI’s penalty related to alleged conduct connected to the supply of VSF to spinners.

Timeline of enforcement and appellate steps

Key dates and steps in the dispute were as follows:

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