https://www.taxtmi.com/caselaws?id=771490 The National Company Law Appellate Tribunal (NCLAT) reviewed a Competition Commission of India (CCI) penalty order. The Tribunal found procedural deficiencies in the CCI's penalty imposition, specifically the lack of detailed reasoning for the maximum 10% penalty and failure to provide a fair hearing. Consequently, the Tribunal remanded the matter back to CCI for reconsideration, directing a reasoned order and full opportunity for the appellants to address the penalty quantum. The Tribunal also ordered the release of Fixed Deposit Receipts with accrued interest. en-us Tue, 15 Apr 2025 00:00:00 +0530 Tue, 27 May 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771490 The National Company Law Appellate Tribunal (NCLAT) reviewed a Competition Commission of India (CCI) penalty order. The Tribunal found procedural deficiencies in the CCI's penalty imposition, specifically the lack of detailed reasoning for the maximum 10% penalty and failure to provide a fair hearing. Consequently, the Tribunal remanded the matter back to CCI for reconsideration, directing a reasoned order and full opportunity for the appellants to address the penalty quantum. The Tribunal also ordered the release of Fixed Deposit Receipts with accrued interest. Case-Laws Law of Competition Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771490