Google gets demand notices from CCI for failing to pay penalties of INR 2,274 crore

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The Competition Commission of India (CCI) issued demand notices to Google for failing to pay fines imposed on the company for alleged anti-competitive practises within the time frame specified.

Google has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) against the CCI’s two October orders, which have yet to be heard. Entities are required by competition law to pay fines within 30 days of receiving the demand notice, unless the ruling is stayed. According to reports, the demand notice is merely a formality, and the fines will not become due until the court rules on the stay application for the appeals. Google was hit with two penalties totaling $307 million in late November 2022.

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Google gets demand notices from CCI for failing to pay penalties of INR 2,274 crore

The Competition Commission of India (CCI) issued demand notices to Google for failing to pay fines imposed on the company for alleged anti-competitive practises within the time frame specified.

Google has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) against the CCI’s two October orders, which have yet to be heard. Entities are required by competition law to pay fines within 30 days of receiving the demand notice, unless the ruling is stayed. According to reports, the demand notice is merely a formality, and the fines will not become due until the court rules on the stay application for the appeals. Google was hit with two penalties totaling $307 million in late November 2022.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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