• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

‘Serious issue’ – Supreme Court of India on petition against makers of Dolo 650

by Thomas Babychan
August 19, 2022
in Business, India News, News
Reading Time: 2 mins read
0
Dolo 650 Mg-tablet.png
TwitterWhatsappLinkedin

In the month of July, Central Board of Direct Taxes levelled serious allegations against manufacturers of Dolo 650 mg tablets. CBDT accused that the pharma companies of giving freebies worth 1000 crore rupees to doctors in order to make them prescribe the drugs manufactured buy these companies.

You might also like

Ferrero Nears $3 Billion Deal to Acquire WK Kellogg, Stock Jumps After-Hours

Manipal Hospitals to Acquire Sahyadri Hospitals for ₹6,400 Crore in Major Healthcare Deal

Deepinder Goyal Joins NCR’s Elite with Rs 52.3 Cr Apartment at DLF Camellias

Following the report from CBDT, Federation of Medical and Sales Representatives Association of India, an NGO based in Kolkata, filed a petition with supreme court of India requesting the Apex court to look into the matter.

On Thursday, while looking into the matter, a supreme court bench consisting of Justices DY Chandrachud and AS Bopanna, stated that the things pointed out in petition by FMRAI were “serious issue”

In petition, it was stated that makers of Dolo 650 mg make doctors prescribe their drugs more by making sure that the doctors gets gifts and other freebies in return.

Justice DY Chandrachud while hearing the case said that he was using Dolo 650 mg tablets while he was down with COVID-19 and that the court will seriously look into the matter.

Advocate Sanjay Parikh and advocate Aparna Bhat, lawyers representing FMRAI, said to the court that market prices of all prescription drugs below 500 mg are regulated by the government of India. A price regulatory mechanism is currently in place which would help government to keep a check on the prices.

At the same time, drugs above 500 mg do not have any kind of pricing regulation and the prices are fixed by the pharma companies.

It is also alleged that through this process of providing doctors freebies to prescribe their drugs, makers of Dolo 650 mg made huge amounts of profits.

Lawyers representing FMRAI said that they are willing to present more information and details regarding the issue once the central government submits a response on the matter.

The supreme court bench asked Additional Solicitor General KM Nataraj to file the response of government of India on the matter. After the repsonse is filed by the gvoebnremtnm, all parites would get additobnakl one week time to subkmti a rejoinder on the subject matter.

Advocate Sanjay Parikh stated that the issue was of high importance to the public and that the current laws and regulations were inadequate to deal with new intricacies in market practices of drug business.

According to Sanjay Parikh, pharma companies had always freed themselves from such cases by saying they are not liable for punishment as the bribe-takers are the doctors.

An advocate representing pharma companies asked permission of the court to join the case proceedings, to which the bench agreed, as judges felt that it was important to hear their side of the story.

The supreme court has listed the matter for further hearing on September 29.

Tweet54SendShare15
Previous Post

Crypto.com reportedly lays off more than 100 people even after cutting the slack by 5% in June

Next Post

Bored Ape NFT again strikes the headlines, as one among the club goes for over a million dollars

Thomas Babychan

Thomas Babychan is an experienced business and economic journalist with a focus on international trade, stock market, banking, and multilateral organizations. He also has expertise in international relations and diplomacy.

Recommended For You

Ferrero Nears $3 Billion Deal to Acquire WK Kellogg, Stock Jumps After-Hours

by Rounak Majumdar
July 10, 2025
0
Ferrero Nears $3 Billion Deal to Acquire WK Kellogg, Stock Jumps After-Hours

The renowned cereal producer WK Kellogg is going to be acquired by Ferrero, a $3.1 billion transaction, according to reports that caused its shares to soar after hours....

Read more

Manipal Hospitals to Acquire Sahyadri Hospitals for ₹6,400 Crore in Major Healthcare Deal

by Rounak Majumdar
July 10, 2025
0
Manipal Hospitals to Acquire Sahyadri Hospitals for ₹6,400 Crore in Major Healthcare Deal

Manipal Hospitals, one of India’s largest private healthcare providers, has announced its decision to acquire Pune-based Sahyadri Hospitals for approximately ₹6,400 crore. With this historic agreement, Manipal expands...

Read more

Deepinder Goyal Joins NCR’s Elite with Rs 52.3 Cr Apartment at DLF Camellias

by Ishaan Negi
July 10, 2025
0
Zomato Expands ESOPs, Grants 4.17 Crore Stock Options Worth ₹903.82 Cr

In a move that signals not just success but a clear stamp of entry into India’s ultra-luxury real estate club, Zomato founder and CEO Deepinder Goyal has purchased...

Read more
Next Post
Golden Fur Bored Ape NFT sold for $1.5 Million

Bored Ape NFT again strikes the headlines, as one among the club goes for over a million dollars

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?