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Will Patanjali Ayurved face another legal issue related to misleading advertisements by December 31, 2024?
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Supreme Court of India•Swami Ramdev•Patanjali Ayurved•Acharya Balakrishna•Patanjali•Ramdev•Balakrishna•Patanjali Ayurved Ltd
Resolution / Starting Odds
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Publicly available advertising data and regulatory filings
Story
Supreme Court Closes Contempt Case Against Ramdev and Acharya Balakrishna
Aug 13, 2024, 05:52 AM
The Supreme Court of India has closed the contempt case against yoga guru Swami Ramdev and Patanjali Ayurved's Managing Director, Acharya Balakrishna. The case involved allegations of misleading advertisements related to Patanjali products. The court accepted the undertakings from Ramdev and Balakrishna that they will cease issuing such misleading advertisements. This decision brings significant relief to Ramdev and Balakrishna, as well as their company, Patanjali Ayurved Ltd, which they co-founded.
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Similar markets
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No new legal challenges • 25%
Fines imposed • 25%
Temporary ban on advertisements • 25%
Court-mandated corrective advertising • 25%
Resumes sale with modifications • 25%
Permanently halts sale • 25%
Appeals regulatory actions • 25%
Introduces new products • 25%
Fully compliant • 25%
Minor violations • 25%
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Major violations • 25%
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In favor of Indian Medical Association • 25%
In favor of Patanjali Ayurved Ltd • 25%
Settled out of court • 25%
Case dismissed • 25%
Significant decline in market share • 25%
Moderate decline in market share • 25%
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Increase in market share • 25%
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