The Supreme Court upholds an order of the National Company Law Appellate Tribunal (NCLAT) that sets aside a Competition Commission of India (CCI) penalty of ₹301.6 crore imposed on Grasim Industries. According to the tribunal’s reasoning, the CCI did not give Grasim an opportunity to present its arguments after the CCI’s conclusions differed from the findings of the regulator’s probe unit, led by the Director General (DG). The NCLAT had held that this procedural lapse violated principles of fair hearing. The Supreme Court ruling affirms that approach and keeps the appellate tribunal’s decision in place, thereby removing the CCI penalty. Both reports describe the same key issue: the penalty is quashed because Grasim was not provided a chance to respond to the differences between the DG’s investigation findings and the CCI’s final view. The Supreme Court’s decision means the CCI’s order imposing the ₹301.6 crore penalty is no longer operative, while the matter remains governed by the NCLAT outcome.