Delhi court turns down Pernod Ricardo’s plea for renewal of liquor sale lincence
India

Delhi court turns down Pernod Ricardo’s plea for renewal of liquor sale lincence

The Enforcement Directorate has accused the company of illegally making profits by giving false information to Delhi city authorities in 2021.

   
Pernod Ricard's brand names are seen inside its India office in Gurugram, India | Reuters

Pernod Ricard's brand names are seen inside its India office in Gurugram, India | Reuters

New Delhi: An Indian court on Tuesday rejected Pernod Ricard’s plea for renewal of its liquor sale licence in New Delhi, in the latest legal setback to the French giant’s efforts to restart sales in the city.

Pernod asked the court to push New Delhi city authorities to grant it a liquor sale licence, but the court on Tuesday said it would not get involved and Pernod should approach an appellate government authority in Delhi for renewal.

Delhi has refused to grant Pernod a liquor sale licence, citing investigations into wrongdoing, according to an April filing reviewed by Reuters.

Delhi accuses Pernod of illegally making profits by giving false information to city authorities in 2021, and violating rules by financially supporting retailers in exchange for stocking more of its brands. Pernod has repeatedly denied wrongdoing.

India contributes 10% to Pernod group sales while the Delhi business accounts for 5%. But its brands, including Chivas Regal and Absolut vodka, have not been available in Delhi for about eight months.

CFO Helene de Tissot told Reuters earlier this year Pernod is “hopeful” it can obtain the licence.

(Reporting by Tanvi Mehta and Arpan Chaturvedi, Editing by Louise Heavens and Emma Rumney)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.


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