Old Monk reports ₹500 crore loss as FSSAI insists on 'rum-like' label

Old Monk's manufacturer has told the Bombay High Court that restrictions on sales in Maharashtra have caused losses exceeding ₹500 crore, while the state allegedly lost ₹350 crore in excise revenue. FSSAI insists the product be labelled "rum-like" because it contains added rum flavouring. The court will hear the manufacturer's challenge to the sales restriction on October 23.