CCI v. Hyundai: 420 cr penalty in ignorance of stay by Mad HC, CCI concedes mistake

After imposing a penalty of Rs. 420.26 crore on Hyundai Motor India Limited (Hyundai) for anti-competitive practices, the Competition Commission of India (CCI) told the Madras High Court yesterday that it will not enforce its order since the same was rendered in ignorance of a stay order by Madras High Court.

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