MAM
Publicis drags CCI to court over access to files in ad cartel probe
MUMBAI: Reuters has reported that Publicis has hauled India’s antitrust regulator to the Delhi high court, accusing it of stonewalling requests for access to case files in a high-stakes price-fixing investigation that has rattled the country’s $30bn media and entertainment sector.
The Competition Commission of India (CCI) stunned the industry in March with dawn raids on WPP’s GroupM, Dentsu, Publicis, Omnicom and others, probing suspected collusion on publicity rates and discounts. Sources told Reuters the CCI’s early findings suggest the firms coordinated via a WhatsApp group, struck secret deals, and teamed up with broadcasters to freeze out agencies that refused to play along.
Triggered by Dentsu’s whistle-blowing under the CCI’s leniency scheme in February 2024, the probe could see penalties of up to three times profit or 10 per cent of global turnover for each year of wrongdoing. Publicis, which operates through TLG India, says it cannot prepare a defence without access to the records, and wants the CCI to pause its investigation until the files are handed over.
The watchdog has yet to comment. The court is expected to hear the case next week.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
