The decision comes at a time when 50-odd cases against the constitutional validity of NAA have been clubbed and are being heard in the Delhi High Court
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed a Rs 169 crore penalty imposed on Oravel Stays Ltd by the competition commission of India (CCI). Oravel Stays Ltd operates under the brand name Oyo. However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within six weeks. "The appeal is admitted subject to a deposit of 10 per cent of the penalty amount which must be deposited within a period of six weeks. Deposit should be in the form of FDR in favour of Registrar, NCLAT," the order said. The appellate tribunal has directed to list the matter on April 11, 2023, for the next hearing. "In the meanwhile, Counsel for the parties are granted liberty to complete pleadings, which must be completed before the first week of February 2023," the NCLAT said. Besides the fair trade regulator CCI, OSL has also made the Federation of Hotel and Restaurant Associations of India (FHRAI
Judge says he hasn't expressed any opinion on merits of the arguments raised by the parties; arbitration before SIAC will continue as intended
The Competition Commission of India (CCI) on Monday said the proposed deal of M&G Group subscribing to convertible bonds and warrants issued by Trustroot Internet Pvt Ltd has been cleared under the green channel route. Under the green route, a deal which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release, the fair-trade regulator said it has approved the proposed deal. M&G Catalyst Capital Fund, Asia Pacific Fund and Prudential Assurance Company are collectively referred to as acquirers. The combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by the Trustroot Internet which convertible into the share capital of the company as per the terms and conditions set out in the subscription agreement in October 2022. Upon conversion of warrants, the acquirers will hold less than 5 per cent stake in ...
The Air India-Vistara merger is expected to be completed within a year after getting all approvals
New Bill, better training will help anti-trust regulator perform better, they add
Indian derivatives markets could see disruptions on EU regulator move
The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25
Opinion split on how ecosystem will change after regulator asks tech giant to stop misusing its 'dominant position'
However, data shows that its record in collections has been dismal
Why does Google find itself in CCI's crosshairs? Why was this Diwali in Delhi the cleanest in years? Will the primary market suck out secondary market liquidity? What is a 'dirty' bomb? Answers here
CCI has fined Google Rs 936 cr for imposing its payments methods on app developers. It also fined Google Rs 1,338 cr for abusing its mobile device ecosystem. What does this mean for the stakeholders?
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The proposed amendments will require the GST Council's approval
Tech giant was yesterday ordered to pay Rs 937 cr as penalty for abusing dominant position of its app store
Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals
Competition commission fine on tech giant for abusing dominant position will have domino effect in other markets, they add
Regulator suggests eight corrective steps
We need to be sensitive to market demand while approving proposed acquisitions.
'Will open serious security risks… raise mobile device costs'