Regulation 10 - Other modes of Recovery - Competition Commission Of India (Manner Of Recovery Of Monetary Penalty) Regulations, 2025

10. Other modes of Recovery. Where an enterprise in default or a person in default fails to pay the penalty within the stipulated time as mentioned in the recovery certificate, the recovery officer may also simultaneously proceed to recover the amount of penalty through the modes mentioned below, in accordance with the rules laid down in the Second Schedule of Income-tax Act, 1961 (43 of 1961), namely: (a) by attachment and sale of movable property of the enterprise or the person concerned; and (b) by attachment and sale of immovable property of the enterprise or the person concerned.