New Delhi, Oct. 13 -- In a setback for Asian Paints Ltd, the Supreme Court on Monday refused to entertain the company's plea challenging an antitrust investigation launched by the Competition Commission of India (CCI) following a complaint by Grasim Industries' decorative paints arm, Birla Opus.

A bench of Justice J.K. Maheshwari and Justice Vijay Bishnoi, after hearing the plea, stated that they were "not inclined to entertain this", but allowed Asian Paints to withdraw its petition at the company's request.

"After arguing for some time, a senior counsel appearing on behalf of the petitioner seeks permission to withdraw. This accordingly dismissed," the bench said.

The company had approached the apex court after the Bombay High Court,...