Recovery of Penalties Imposed by CCI

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..... Recovery of Penalties Imposed by CCI
News and Press Release
Dated:- 16-12-2014

The Competition Commission of India (CCI) has imposed penalty on 322 entities as follows: - Year Number o .....

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..... f entities on which the penalty has been imposed Total amount (Rs.) 2011 38 6,87,28,40,613 2012 95 72,76,86,21,528 2013 20 18,34,28,35,225 2014 (as on 31.10.2014) 169 26,75,26,39,556 Tot .....

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..... al 322 1,24,73,69,36,922 The Commission has made the CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 regulating the manner in which penalties imposed by it shall be recovered. The .....

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..... Competition Appellate Tribunal/Courts have dismissed/stayed the recovery of a sum of ₹ 1,21,78,01,01,298/- as penalty and a sum of ₹ 2,16,52,33,351/- is not yet due/not been paid as penalt .....

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..... y so far. CCI is taking action as per law for recovery of penalties. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.

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..... > News - Press release - PIB .....

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