"patanjali-ayurved"

Both Ramdev and Balkrishna were present in court in connection with show cause notices on why contempt proceedings should not be initiated against them.

Patanjali Ayurved Managing Director Acharya Balkrishna said that he will ensure that such advertisements are not issued in the future and submits that its intention is only to exhort the citizens of this country to lead a healthier life.

A bench of justices Hima Kohli and A Amanullah issued a notice to Patanjali Ayurved and its managing director asking why contempt proceedings should not be initiated against them.

The court is considering the possibility of imposing a Rs 1 crore fine on every product making false claims about curing specific ailments.

Patanjali, which is mainly into fast-moving consumer goods business and ayurvedic medicines, had a total revenue of Rs 9,087.91 crore in 2019-20.

Commenting of the development Swami Ramdev said, Coronil will help the humanity while providing affordable treatment based on naturopathy.