Nestle shares climb nearly 3% as Bombay HC quashes Maggi ban
9 years, 7 months ago

Nestle shares climb nearly 3% as Bombay HC quashes Maggi ban

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Shares of Nestle India ended nearly three per cent higher on Thursday as the Bombay High Court quashed food regulators’ ban on Maggi noodles. Mumbai: Shares of Nestle India ended nearly three per cent higher on Thursday as the Bombay High Court quashed food regulators’ ban on Maggi noodles. The Bombay High Court on Thursday quashed the orders of the Indian food regulators banning the nine variants of Maggi noodles in the country after observing that “principles of natural justice” were not followed. A division bench of the high court allowed Nestle to go in for fresh testing by sending five samples of each variant of noodles to three independent laboratories in Punjab, Hyderabad and Jaipur which were accredited with National Accreditation Board for Testing and Calibration Laboratories.

History of this topic

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