Monetary penalty recovery under Competition Act requires timely challan payment; delay attracts monthly interest and enforcement measures. Template demand notice requires the liable enterprise or person to deposit the penalty by Challan within a specified period to the designated Pay and Accounts Officer account head; failure to pay attracts simple interest at 1% per month from the day after the payment period expires and authorises the Commission to initiate recovery and other enforcement measures for non compliance with its order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Monetary penalty recovery under Competition Act requires timely challan payment; delay attracts monthly interest and enforcement measures.
Template demand notice requires the liable enterprise or person to deposit the penalty by Challan within a specified period to the designated Pay and Accounts Officer account head; failure to pay attracts simple interest at 1% per month from the day after the payment period expires and authorises the Commission to initiate recovery and other enforcement measures for non compliance with its order.
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