Competition Tribunal sets aside Rs 43 crore penalty on SpiceJet

SpiceJet on Wednesday said Competition Appellate Tribunal has set aside CCI's order imposing a penalty against it in the case of alleged cartelisation in relation to cargo fuel surcharge.

The tribunal, on April 18, set aside the Rs 258 crore fine on Jet Airways, IndiGo and SpiceJet and directed the regulator to pass a fresh order.

In November, Competition Commission of India (CCI) had penalised the carriers for alleged cartelisation in fixing fuel surcharge on air cargo.

SpiceJet was slapped with a fine of Rs 42.48 crore.

In a filing to BSE, SpiceJet said the tribunal has set aside CCI's impunged order and that the matter has been remanded back to the regulator.

The tribunal has asked CCI to reconsider the joint Director General's report and then take appropriate decision, the filing noted.

CCI's order last year came after its investigation arm Director General (DG) conducted a detailed inquiry.

"In the event the CCI disagrees with the findings and conclusions recorded by the JDG, then the CCI shall indicate the reasons for such disagreement and issue notice to the parties incorporating the reasons of disagreement and give them opportunity to file their replies/ objections and thereafter to pass appropriate order in accordance with law," the filing said quoting Compat order.