Android abuse: Big setback for Google as NCLAT refuses interim stay on CCI order
New Delhi: The National Company Appellate Tribunal (NCLAT) rejected Google’s plea seeking an interim stay on CCI’s order directing the US-based tech giant to change its business model in India, media reports said.
However, NCLAT offered some relief to Google some relief on the monetary front and asked it to deposit at least 10 percent of the fine imposed by the CCI.
In October, the CCI fined Google Rs 1,330 crore for exploiting its dominant position in markets such as online search and the Android app store and asked it to do away with the restrictions on phone-makers pertaining to preinstalling apps.
Google has approached the tribunal seeking to have CCI’s order quashed.
Google alleged that CCI's investigation unit "copy-pasted extensively from a European Commission decision, deploying evidence from Europe that was not examined in India," Reuters reported.
NCLAT noted that Google approached the tribunal only a day before the 60-day time limit to comply with the CCI order was to end and that the tribunal did not see any urgency for contention.
It scheduled the next hearing on the matter for April 3.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Indian dental student shot dead at gas station in US
MedSage expands footprint with new branch in Rampurhat
Bangladesh interim govt faces international criticisms over human rights violations
PoK unrest: Pakistan signs agreement with Joint Awami Action Committee after deadly protests
