The Yoga Guru backed business, Ruchi Soya's planned foray into palm oil comes on the back of a 44.42 per cent increase in palm oil prices in the retail market in July compared to the year ago.
Justice Hari Shankar granted a week's time to Ramdev to file his response and said that he would not grant leave for institution of the proceedings in the absence of a reply.
The Delhi High Court on Monday will hear a plea by seven doctors’ associations against Yoga guru Ramdev for allegedly spreading misinformation against allopathy amid the pandemic.
The aggressive growth plans include an exports boost, hiring celebrities to endorse the brand and transforming the commodity company into a fast-moving consumer goods company
Ruchi Soya eyes Rs 1,000 crore revenue from exports in 3 years; will rope in celebrities to deepen reach
Patanjali Ayurved Ltd, which owns 98.9% of Ruchi Soya, is in the process of selling Rs 4,300 cr worth of its stake through FPO to meet the minimum shareholding norms and pare its debt.
The associations were represented by senior advocates Kapil Sibal, Akhil Sibal and advocate Harshvardhan Kotla.
The IMA requested FIR against him and others from Patanjali Yogpeeth including his aide Balkrishna by explaining every violation point wise.
He supported ayurveda and Yoga saying that these two are effective in 'lifestyle', 'genetic' and 'incurable' diseases and health problems.
The high court orally asked the counsel for Ramdev to tell him not to make any provocative statement till the next date of hearing on July 13 and respond to the suit.
The associations demanded action against Ramdev under the Epidemic Diseases Act for his alleged remarks on allopathy and modern medicine.
The doctors demand an unconditional public apology from him, failing which action must be taken against him under the Epidemic Diseases Act, they said.
In the video, the yoga guru is heard saying, “No one can arrest Saint Ramdev. They are just making noises. Let them do what they do best.”
The notice served on behalf of IMA describes the remarks by Ramdev as damaging to the reputation and the image of allopathy and around 2,000 practitioners of it who are part of the association.
Ramdev's aide Acharya Balkrishna accuses IMA president of conspiring to convert India to christianity
The tweet left the netizens divided with some supporting Ramdev and Balkrishna and others slamming and opposing them.
Ramdev, in a video message, urged the people to boycott 'such power' who are against the country.