The National Company Law Appellate Tribunal (NCLAT) has directed Google to pay the 10% of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator Competition Commission of India (CCI).
A two-member bench has declined to grant any immediate stay on the operations of the CCI penalty and said it would pass any order after hearing out other parties. The Tribunal has issued notices to CCI and directed them to list the matter on February 13, for hearing over the interim stay.
Tech giant Google had filed a petition challenging the CCI order on allegations of abusing Google’s dominant position in multiple markets in the Android mobile device ecosystem and said the verdict is a setback for Indian users and will make such devices more expensive in the country.
The CCI in October had charged a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. After this Google challenged the decision before the NCLAT. In its petition, Google had also sought an interim stay over the penalty.
However, the NCLAT has rejected the stay plea now.
Info@BestMediaInfo.com