In a setback to Google, the Supreme Court on Thursday refused to grant it interim relief from the National Company Law Appellate Tribunal's (NCLAT's) order upholding a 1,337.76-crore penalty imposed by the Competition Commission of India (CCI) for alleged unfair and anti-competitive practices related to Android devices. The Bench of Chief Justice of India DY Chandrachud, Justice P S Narasimha, and Justice J B Pardiwala said the findings of the CCI couldn't be considered at the "interlocutory stage".
"We direct the NCLAT to dispose of the appeal (against the CCI order) by March 31. No interim relief (is to be) granted to Google. Since Google is ready to partially comply with the CCI's directions, we give it one week's time to do so." In accordance with the CCI order, Google has to pay 10 percent of the penalty imposed by the CCI. This it has to do in a week.
Google also seems to have softened its stand on the order given by the CCI.
Senior advocate Abhishek Manu Singhvi, appearing for Google India, said the firm was willing to comply with some directions of the CCI.
This story is from the January 20, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 20, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Plan logistics: MoE to CBSE on two board exams a year
The Ministry of Education (MOE) has asked the Central Board of Secondary Education (CBSE) to work out logistics for conducting board exams twice a year from the 2025-26 academic session, according to sources.
Rushdie at the cutting edge
I began my review of Victory City thus: \"Rejoice, for Salman Rushdie,.
Most SC/ST candidates fight with no backing from political party
ANOUSHKA SAWHNEY New Delhi, 26 April The participation of political contestants belonging to the ☐ scheduled caste and scheduled tribe has shown a declining trend over the years.
INDIA'S GAMBIT
What is behind the explosion of chess talent in the country, and what does it augur for the game?
Innovation funds: High-risk bets that are apt for seasoned investors
Failure rates among innovators tend to be high; concentrated portfolios make these funds volatile
Bajaj Finance sinks 8% amid rising NIM pressure
Brokerages bearish, anticipate NIM compression in FY25
Strong execution key for Tech Mahindra to achieve 3-year targets
The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions.
Mkts wrong to hope worst of geopolitical crises over: Wood
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'.
Post-LS elections gaining streak: Will Nifty IT do it again?
Usually, general elections cast a spell of sorts on Dalal Street.
BSE to shell out regulatory charge to Sebi more as
Move follows clarity on turnover fee paid by bourses
