Google to move SC after NCLAT refuses to stay CCI order: Report
On Wednesday, NCLAT quashed Google's request to put an interim stay on CCI’s penalty amounting to Rs 1,337.76 crore and also asked it pay up 10% of the penalty
After the National Company Law Appellate Tribunal (NCLAT) declined Google's request for an interim stay on a ruling by the Competition Commission of India (CCI) that penalised the tech giant, a news report says that it is now preparing to approach the Supreme Court for the same.
The antitrust watchdog had slapped penalties amounting to Rs 1,337.76 crore on Google for unfair market practices back in October.
Not only did NCLAT decline to grant any immediate stay on the CCI penalty, but it also ordered the search giant to deposit 10 per cent of the penalty imposed by the CCI.
