I.A. 1/2014 in Civil Appeal No(s).6328/2014. Case: M/S DLF Limited Vs Competition Commission of India, (With I.A. 1/2014 in C.A. No. 6481/2014 (With appln.(s) for permission to file additional documents and stay and Office Report) I.A. 1/2014 in C.A. No. 6487/2014 (With appln.(s) for stay and Office Report)). Supreme Court (India)
| Case Number | I.A. 1/2014 in Civil Appeal No(s).6328/2014 |
| Counsel | For Appellants: Mr. Harish Salve, Sr. Adv., Mr. Arvind Datar, Sr. Adv., Mr. Ramji Srinivasan, Sr. Adv., Mr. H.S. Chandhoke, Adv., Mr. G.R. Bhatia, Adv., Ms. Kanika Chaudhary Nayar, Adv., Ms. Nidhi Singh Prakash, Adv., Mr. Rudresh Singh, Adv., Ms. Tripti Malhotra, Adv., Mr. Abhay Kumar ,Adv. and For Respondents: Mr. Rakesh Khanna, Sr. Adv., Mr. ... |
| Judges | Mrs. Ranjana Prakash Desai and Mr. N.V. Ramana, JJ. |
| Issue | Competition Act, 2002 - Section 53T |
| Judgement Date | August 27, 2014 |
| Court | Supreme Court (India) |
Order:
-
Appeals admitted.
-
On 12/8/2011, the Competition Commission of India ("CCI") imposed a penalty of Rs.630 crores on the appellants. The appellants carried the matter to the Competition Appellate Tribunal ("COMPAT"). On 9/11/2011, COMPAT stayed the recovery of amount of penalty subject to the appellants filing an undertaking to pay interest at 9% per annum on the amount imposed as penalty or such amount as may be ultimately determined by the COMPAT for the period from the date of order by the CCI till date of payment. We are informed that this undertaking has been filed by the appellants.
-
Now that by the impugned order, the COMPAT has affirmed the order passed by the CCI imposing penalty of Rs.630 crores on the appellants, we direct the appellants to deposit the said penalty amount of Rs.630 crores in this Court. So far as the interest on the penalty amount, in terms of order dated 9/11/2011 of the COMPAT is concerned, the appellants are directed to file a fresh undertaking within three weeks from today in this Court that in the event, the appeals are dismissed, the appellants shall pay the said amount accumulated, as on the date of payment or such amount as may be directed by...
To continue reading
Request your trial