Nestle India pares gains as SC sets aside NCDRC order

NEW DELHI: Shares of Nestle India fell from the day’s high after Supreme Court revived the class action suit filed by the Central Government against the company’s Maggi noodles, while setting aside NCDRC order.

After rising over 4 per cent to Rs 11,499 in the morning session, the stock pared gains and was trading at Rs 11,253, up by 1.92 per cent at 1:25 pm.

The company had moved the apex court against the tests ordered by the National Consumer Disputes Redressal Commission (NCDRC).


The government had filed the suit in the NCDRC after the Food Safety and Standards Authority of India (FSSAI) raised the safety concerns over Maggi noodles. The consumer court had ordered fresh tests on Maggi samples.

The Supreme Court said that the NCDRC will continue the probe based on 2016 CFTRI report from the Mysore lab.

In 2016, the NCDRC had stayed the centre's class action suit against Maggi noodles.