Delhi Court permits carmakers to take CCI to NCLT over landmark Rs 2,544 crore penalty
10/04/2019 17:31

Delhi High Court on Wednesday has permitted car companies in India to move NCLT challenging Competition Commission of India's Rs 2,544 crore penalty on them. As per the report, the penalty pertains to a high-profile case that had alleged 14 car companies of abusing their dominant position, which was helping these companies make exorbitant profits at the cost of car owners.

Delhi Court has given these companies six weeks’ time to approach the NCLT over the matter.

In the month of August, 2014, CCI had imposed the combined penalty on 14 carmakers for indulging in unfair practices in the spare parts market, in an almost unprecedented verdict in India's corporate history.

Tata Motors, Maruti, General Motors, Mahindra Mahindra, Honda Car India, Honda Siel, Volkswagen India, Fiat India, BMW are few of the companies fined by CCI.