Supreme Court stays 420 cr penalty imposed by CCI on Hyundai (for now)

    Aditya AK November 18, 2018

    The Supreme Court yesterday passed an in interim order in the challenge by Hyundai Motors India Limited to the Rs 420 crore penalty imposed on it by the Competition Commission of India (CCI). In effect, the Bench of Justices AM Khanwilkar and Deepak Gupta stayed the imposition of the penalty on the automobile manufacturer. Back in 2014, the CCI imposed a fine totalling Rs. 2,544 crore on fourteen car manufacturers for restricting the sale and supply of genuine spare parts […]

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