On April 4, Nestle, the FMCG company, filed information with the stock exchange stating that the National Consumer Disputes Redressal Commission (NCDRC) has dismissed the government’s 2015 petition against the sale of Maggi noodles. In this case, the government had demanded compensation of ₹284.55 crores and a penalty of ₹355.41 crores from Nestle.
Nestle disclosed that in 2015
The Union of India, through the Department of Consumer Affairs, filed a complaint with the NCDRC alleging that the company had sold dangerous and defective goods, namely Maggi noodles, to the public.
The government claimed that the company was involved in unfair trade practices
Consequently, the government demanded compensation and penalties from Nestle. However, on April 2, 2024, the NCDRC dismissed the government’s demands. A copy of this decision was shared with the company on April 3.
It’s noteworthy that in 2015, Maggi noodles were banned nationwide for six months amid allegations of containing excessive chemicals beyond the prescribed limit. As a result, the company had to destroy 38,000 tons of Maggi noodles, incurring significant losses. The ban was later lifted in November 2015.
Nestle India’s net profit for the quarter ending December 31 increased by 4.38% to ₹655.61 crores. Total expenses for the quarter increased by 6.11% to ₹3,636.94 crores, while domestic sales rose by 8.86% to ₹4,421.79 crores.