December 1, 2022

NCLAT stays CCI-imposed penalty in opposition to OYO

NCLAT stays CCI imposed penalty against OYO

NCLAT stays CCI imposed penalty against OYO

The Nationwide Firm Legislation Appellate Tribunal (NCLAT) on Tuesday stayed the ₹169 crore penalty imposed by the CompetitionCommission of India (CCI) upon IPO-bound Oravel Stays Restricted (OYO). A NCLAT Division Bench, comprising Justice Rakesh Kumar, Member (Judicial) and Ashok Kumar Mishra, Member (Technical), nevertheless, directed OYO to deposit 10 per cent of the penalty quantity. 

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