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Nestle India approaches Bombay High Court against regulatory orders

11 Jun 2015 Evaluate

Nestle India has approached the Bombay High Court to seek review of orders passed by the Maharashtra FDA and the Foods Safety and Standards Authority (FSSAI). The company has raised the issue of interpretation of Food Safety and Standards Act, 2011. Meanwhile, the company is continuing to withdraw Maggi noodles from the market.

FSSAI issued an order on June 5 banning all variants of Nestle India's Maggi noodles terming them as ‘unsafe and hazardous’ for human consumption. The Maharashtra government, too, had banned Maggi noodles after some samples were found to contain lead above the stipulated limit.

Nestle India has its presence in India for around nine decades, making it one of the oldest company in India. Nestle has created brands like Nestle Milkmaid, Nestle Everyday, Maggi Noodles, Maggi Soups, Polo, Kit Kat, Nescafe and many more.

Peers
Company Name CMP
Nestle India 1382.00
Varun Beverages 435.55
Britannia Industries 4937.00
LT Foods 430.10
Hatsun Agro Product 1155.55
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