Indian courts quash Grasim penalty and dismiss Sai Educare insolvency petition

The Supreme Court of India declined to interfere with a National Company Law Appellate Tribunal (NCLAT) order that set aside a ₹301 crore penalty imposed by the Competition Commission of India (CCI) on Grasim Industries Ltd for alleged abuse of dominance in the viscose staple fibre market. The NCLAT found the CCI order violated natural‑justice principles and remanded the case for a fresh hearing, nullifying the penalty and related behavioural directions.

Separately, the National Company Law Tribunal (Jaipur Bench) dismissed an insolvency petition filed under the Insolvency and Bankruptcy Code by Vensysco Technologies Ltd against Sai Educare Private Limited. The tribunal held that genuine contractual disputes existed before the statutory demand notice, noting the absence of a signed memorandum of understanding, service deficiencies, and extensive email communications between the parties. Consequently, the petition was rejected and the creditor was directed to pursue remedies in civil court.