https://www.taxtmi.com/caselaws?id=385799 Statutory interest remained payable on delayed payment of a competition penalty even though the original penalty order was stayed during appeal. Regulation 5 of the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011 permits simple interest where a demand notice is not paid within the stipulated time, and waiver or reduction is confined to specified circumstances. A stay only postpones enforcement; it does not extinguish the underlying penalty liability. Where the appellate forum ultimately upheld the contravention and merely reduced the penalty amount, the modified liability related back to the original order, and interest for the non-payment period was validly recoverable. en-us Wed, 11 Sep 2019 00:00:00 +0530 Sat, 14 Sep 2019 10:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385799 Statutory interest remained payable on delayed payment of a competition penalty even though the original penalty order was stayed during appeal. Regulation 5 of the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011 permits simple interest where a demand notice is not paid within the stipulated time, and waiver or reduction is confined to specified circumstances. A stay only postpones enforcement; it does not extinguish the underlying penalty liability. Where the appellate forum ultimately upheld the contravention and merely reduced the penalty amount, the modified liability related back to the original order, and interest for the non-payment period was validly recoverable. Case-Laws Law of Competition Wed, 11 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385799