The Supreme Court has summoned Baba Ramdev and Acharya Balakrishna to appear in person before the court in response to contempt proceedings initiated against them. This action follows the continued dissemination of misleading advertisements by their organizations, which claim to offer permanent cures for various diseases.
In February, the apex court had issued a contempt notice against Patanjali Ayurved and its Managing Director Acharya Balkrishna for promoting products through advertisements that contravene the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 and its Rules.
As of 11:50 a.m. on March 19, shares of Patanjali Foods were trading 4.46 percent lower at Rs 1,352.15 on the BSE.