India Seeks $99 Million Damages From Nestle After Banning Maggi
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India is seeking 6.4 billion rupees ($99 million) in punitive damages from the local unit of Nestle SA, saying the maker of Maggi instant noodles engaged in “unfair trade practices.”
The Department of Consumer Affairs has filed a class-action suit on behalf of a “large number of consumers” for the sale of “defective goods” and a product without the regulator’s approval, the government said in a statement. Nestle India Ltd., in a stock exchange filing earlier Wednesday, said it could comment only after receiving a notice.