UB cheers as Supreme Court stays ₹873 crore penalty on beer companies for cartelisation

The Court issued an interim stay in a batch of appeals against the NCLAT order that had refused to interfere with the penalty imposed by the CCI in 2021.

UB Group

Published on:

17 Feb 2023, 12:41 pm

2 min read

The Supreme Court on Friday stayed an order of the National Company Law Appellate Tribunal (NCLAT) that had upheld a ₹873 crore penalty on United Breweries (UB) and other companies for alleged carterlisation in the production and sale of beer in India [United Breweries Limited v. Competition Commission of India and ors].

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Supreme Court of India

NCLAT

CCI

Cartelisation

United Breweries

beer companies