In support of Nestle India Limited, the government's 2015 petition banning the sale of Maggi noodles was denied by the National Consumer Disputes Redressal Commission (NCDRC). This information was provided by the FMCG company Nestle in its April 4 stock exchange statement. The government has also asked Nestle for damages totaling Rs 355.41 crore and compensation totaling Rs 284.55 crore in this case.
Nestle stated, "In 2015, the Department of Consumer Affairs at the Union of India filed a complaint with the NCDRC." It claimed that the business produced and distributed Maggi noodles and other potentially harmful products to the general public.
The business engaged in unfair trade practices by acting in this way. The government had thus claimed damages and compensation from Nestle. On April 2, 2024, NCDRC now rejected this government demand, whose copy the business received on April 3.
In 2015, Maggi was prohibited for six months.
Maggi was allegedly found to contain more chemicals than was recommended, leading to a six-month nationwide ban in June 2015. Subsequently, the corporation had to trash 38,000 tonnes of Maggi noodles and recall them. In November 2015, the prohibition was loosened following this.
Nestle made Rs 655.61 crore in net profit during the December quarter.
Nestle India's net profit climbed by 4.38% to Rs 655.61 crore in the quarter that ended on December 31. At Rs 3,636.94 crore, its overall expenses for the December quarter climbed by 6.11%.
Nestle India's domestic sales for the October–December quarter of the previous fiscal year climbed by 8.86% to Rs 4,421.79 crore from Rs 4,061.85 crore.
The government's request to stop selling Maggi noodles was denied: After the NCDRC decided in Nestle India's favor in 2015, Maggi was prohibited for six months.