Top Story

e4m_logo.png

Home >> Media - Others >> Article

Centre set to seek Rs 426 crore in compensation from Nestle

12-August-2015
Font Size   16
Share
Centre set to seek Rs 426 crore in compensation from Nestle

The Centre is all set to ask for a compensation of around Rs 426 crore from Nestle over the alleged damages caused by Maggi noodles to the Indian consumers and also for misleading advertisements, according to recent reports.

The consumer affairs ministry is ready to file a complaint with the National Consumer Disputes Redressal Commission (NCDRC) in the next few days. The complaint, to be filed on behalf of Indian consumers, is against "unfair trade practices" and "misleading consumers" in the Maggi case.

Reacting to the news, Nestle India stock is currently trading marginally down at Rs 6,370.

Reportedly, this is for first time, government is taking action under Section 12-1-D of the Consumer Protection Act, under which both Centre and states have powers to file complaints. 

 

Tags Maggi

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group