The National Consumer Dispute Redressal Commission (NCDRC) has dismissed the government’s 2015 plea against the sale of Maggi noodles in favour of Nestle India, the FMCG major said in a stock exchange filing on Thursday.
The government was seeking a compensation of `284.55 crore and punitive damages of `355.41 crore.
“The complaint filed by the Union of India, department of consumer affairs in 2015 before the NCDRC on the allegation that by selling Maggi noodles in the past, the company had indulged in unfair trade practice by manufacturing and selling of hazardous and defective goods to the public, was dismissed by NCDRC in favour of the company vide NCDRC’s order dated April 2 2024,” Nestle said.
Nestle shares on the BSE closed trade nearly flat at `2,551 apiece on Thursday.
Maggi was banned in June 2015 for six months across the country following allegations it contained chemicals beyond prescribed limits. The company had to recall and destroy 38,000 tonnes of Maggi noodles from millions of retail shelves. The ban was relaxed in November 2015.