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of <h1>Supreme Court Upholds NCLAT Order, Dismisses Appeal and Validates Original Decision Without Patent Illegality</h1> <h3>AMREESH NEON PVT LTD & ANR. Versus COMPETITION COMMISSION OF INDIA & ORS.</h3> SC dismissed the appeal challenging the NCLAT order, finding no patent illegality in the tribunal's judgment. The court condoned the delay and upheld the ... Contravention of Sections 3(3)(c) and 3(3)(d) r/w Section 3 (1) of the Competition Act, 2002 - guilty of bid rigging and cartelisation in a Tender process initiated by SBI Infra Managemnt Solutions Pvt. Ltd. (SBIIMS) - whether the penalty imposed on Appellant No.1 is proportionate to the offence and whether it meets the criteria laid down in Excel Crop Care Ltd. vs CCI [2017 (5) TMI 542 - SUPREME COURT]? - NCLAT The upheld the CCI's order, finding no merit in the appellants' arguments for reducing the penalty. HELD THAT:- It is not convincing that the impugned judgment/order passed by the National Company Law Appellate Tribunal, New Delhi, suffers from any patent illegality of warranting interference by this Court. Appeal dismissed. The Supreme Court, with Hon'ble Justices Vikram Nath and Sandeep Mehta presiding, heard the appeal and after condoning the delay, held that the impugned judgment/order of the National Company Law Appellate Tribunal, New Delhi, does not exhibit any 'patent illegality' warranting interference. Consequently, the appeal was dismissed, and all pending applications were disposed of.
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