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Old Monk Faces Rs 500 Crore Loss as FSSAI Insists on 'Rum-like' Label
Old Monk claims losses over Rs 500 crore after FSSAI mandates a label change to 'rum-like' for sales in Maharashtra. The case is set for a final hearing on October 23.
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What Happened?
Old Monk claims losses over Rs 500 crore after FSSAI mandates a label change to 'rum-like' for sales in Maharashtra. The case is set for a final hearing on October 23.
AI Quick Summary
Old Monk faces over Rs 500 crore in losses due to FSSAI's label change requirement, with a court hearing set for October 23.
Key points
- Old Monk claims over Rs 500 crore in losses due to FSSAI's label requirement.
- FSSAI insists on changing the label to 'rum-like' for sales in Maharashtra.
- The Bombay High Court will hear the case on October 23.
- The manufacturer argues that sales restrictions have led to significant corporate losses.
- Excise revenue loss in Maharashtra is estimated at Rs 350 crore.
- The product is still sold in other states despite the ban in Maharashtra.
Key insights
- The FSSAI's insistence on labeling may set a precedent for other liquor brands.
- If the court rules in favor of FSSAI, it could lead to stricter regulations on flavored spirits.
- The ongoing dispute highlights the tension between regulatory compliance and business interests.
Why it matters
The outcome could affect the labeling practices of liquor products in India.
Tags
Entities
Old Monk· BrandFSSAI· OrganizationMaharashtra· StateBombay High Court· LocationMohan Rocky Springwater Pvt Ltd· Company
Source
India Today
