https://www.taxtmi.com/caselaws?id=751948 Delhi HC set aside CCI's order levying interest on penalty amount from the date initial order was stayed until payment. Court held that CCI failed to follow mandatory procedure under Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011 for imposing interest. Relying on SC precedent, court ruled interest can only be levied in statutory manner and when demand notice procedures are properly followed. Since initial penalty order was stayed, interest could not accrue during stay period without compliance with prescribed regulations. en-us Fri, 26 Apr 2024 00:00:00 +0530 Wed, 01 May 2024 05:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751948 Delhi HC set aside CCI's order levying interest on penalty amount from the date initial order was stayed until payment. Court held that CCI failed to follow mandatory procedure under Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011 for imposing interest. Relying on SC precedent, court ruled interest can only be levied in statutory manner and when demand notice procedures are properly followed. Since initial penalty order was stayed, interest could not accrue during stay period without compliance with prescribed regulations. Case-Laws Law of Competition Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751948