NCLAT sets aside Rs 17.88 bn penalty imposed by CCI

The National Company Law Appellate Tribunal (NCLAT) has overturned the Rs 17.88 billion fine imposed by the Competition Commission of India (CCI) on five tire manufacturers for cartel involvement.

The Division Bench of Justice Rakesh Kumar (Judge Member) and Ashok Kumar Mishra (Technical Member) has ruled on a series of appeals against the CCI order filed by Apollo Tires, MRF, CEAT, JK Tire and Birla Tires as well as their Association Automotive Tire Manufacturers Association (ATMA).

The appeals court overturned the fines and referred the case back to the Commission for further investigation. Previously, NCLAT had reserved its decision in the nearly decade-old case.

The issue arose from a 2013 All-India statement to the Ministry of Corporate Affairs.

Construction Equipments - Related Products

All Categories Alexa Skills Amazon Devices Amazon Fashion Amazon Fresh Appliances Apps & Games Baby Beauty Books Car & Motorbike Clothing & Accessories Collectibles Computers & Accessories Deals Electronics Furniture Garden & Outdoors Gift Cards Grocery & Gourmet Foods Health & Personal Care Home & Kitchen Industrial & Scientific Jewellery Kindle Store Luggage & Bags Luxury Beauty Movies & TV Shows Music Musical Instruments Office Products Pet Supplies Prime Video Shoes & Handbags Software Sports, Fitness & Outdoors Subscribe & Save Tools & Home Improvement Toys & Games Under 500 Video Games Watches

Search

Amazon Brands

Bestsellers

Air And Gas Compressors

Architectural Drawing Equipment

Borewell Equipment Manufacturers

Centering Equipment

Concrete Machineries

Concrete Mixers & Vibrators

Construction Machinery

Construction Power Tools

Conveyors

Cooling Towers

Cranes - Mers And Distrs

Crushing Equipment

Earth Mover Spares

Earthmoving Equipment

Excavators

Explosion Proof Equipments

Hoists

Hydraulic Equipments

Hydraulic Hoses Suppliers

Industrial Equipment

Ladders

Material Handling Equipment

Oil Engines

Playground Equipments

Power Plant Equipment

Power Supply Equipment

Power Tools

Sand Sieving Vibrators

Solar Energy Equipment

Stone Crushing Units

Survey Instruments

Testing Equipments

Tools

Tools Demolishers

Tunnelling & Mining

Vacuum Cleaners

Vibration And Test Equipment

by Wedinard

Wedinard Woodworking Hole Drilling Positioner, Hand Tool Precise Hole Drilling Locator Professional for Drilling Guide Self Centering Locator

Price: 16902 30424

You Save: -44%

by swadesi krafts

SWADESI KRAFTS Concrete Vibration Machine Petrol Needle | Concrete Vibrator 3b

Price: 21499 33999

You Save: -37%

by MORPICH

MORPICH 2 in 1 Aluminum 3-Step Ladder, Folding Lightweight Step Stool with Folding Cargo Trolley, Multi-Function Trolley Ladder with Anti-Slip Wide Platform for Household, Office (Silver/Black)

Price: 5499 12999

You Save: -58%

by Casa Copenhagen

Casa Copenhagen LB15.8 Collection,Designed in Denmark, 6-Step Foldable Aluminium Ladder Laser Cut with Super Advance Sure-Hinge Technology,7 Years Warranty - Teal

Price: 3999 4999

You Save: -20%

by SUPER INSTRUMENT

SUPER INSTRUMENT LANGRY Concrete Rebound Hammer Concrete Tests Hammer Strength Testing NDT Equipment

Price: 12000 15000

You Save: -20%

by Adium

Adium Hoist Crane Remote Control, Anti Drop Single Handle Crane Remote Controller LED Indicator Pure Copper Cable for Coal Mining Equipment (24V)

Price: 53373 106746

You Save: -50%

by IBELL

iBELL Sanding Disc 180mm (7") with 8 Holes for Dust Vacuum 100 Grit - 10Pcs Pack

Price: 203 600

You Save: -66%

by Ketsicart

Ketsicart Self Centering Doweling Jig Kit, Self Centering Locator Woodworking Doweling Jig Tool Metal Drill Dowel Hole for Drilling Holes Making Joints on Wood Boards

Price: 6079 9119

You Save: -33%

by Shanrya

G1/4 Electric Solenoid Valve, Long Service Life Professional Design Electric Solenoid Valve for Hydraulic Equipment

Price: 1569 3099

You Save: -49%

by Generic

Generic Survey Instrument Hight Accuracy Magnifying Glass US Army Compass Green

Price: 3019 5999

You Save: -50%

by RKPM HOMES

RKPM HOMES Metal Candle Wick Holder | 3 Holes Stainless Steel Wick Centering Devices | Clips for DIY Candle Making Decorating Art Cakes Crafts | Silver - Set of 10

Price: 399 899

You Save: -56%

by UBERSWEET

Ubersweet Electronic Component Shockproof Power Resistance Heat Resistant Completely Insulated Moisture Resistant for Cement Resistor Industrial Equipment Factory Work(30R)

Price: 1979 3999

You Save: -51%

by Euskara Homes

A K Homes -Pneumatic Tube, Explosion - proof Pneumatic Hose High Roundness Flexibile with Pure Materials for Woodworking Industry(Transparent, 10m)

Price: 2099 2799

You Save: -25%

by Plantex

Plantex Heavy-Duty Mild-Steel Hulk Folding 6 Step Ladder for Home with Advanced Locking System - 6 Wide Step Ladder(Grey-Metallic)

Price: 4399 9999

You Save: -56%

by FLOJOY

Asian Pumps & Machineries 4? Solar Water Pump Deep Bore Well impeller type Submersible Water Pump BLDC with MPPT Controller 72V Head 190 Feet, Flow 6000l/hr, Outlet 1.25?(With Tank sensor kit) 550W

Price: 28500 68000

You Save: -58%

by UNION

UNION Survey Ranging Rod 2-Meter in 2 Fold for Survey

Price: 399 650

You Save: -39%

by Generic

KTM Healthcare Crane Remote Control Set, Less Interference 800MHz Copper Cables Single Handle Industrial Controller Set with LED Indicator for Electric Conveyor (380V)

Price: 44149 89299

You Save: -51%

by Antique Collection

ANTIQUE COLLECTION Digital Survey & Scientific Instruments Slump Cone with Tamping Rod

Price: 1699 3500

You Save: -51%

view more..