NCLAT fine imposed on Google by competition watchdog- upholds Rs 1,337.76 cr

The NCLAT on Wednesday upheld the order of the fair trade regulator CCI imposing a penalty of Rs 1,337.76 crore on Internet giant Google. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) directed Google to implement the direction and deposit the amount in 30 days.

The NCLAT bench comprising Chairperson Justice Ashok Bhushan and Member Alok Shrivastava also made some modifications to the CCI order.

It also rejected Google's plea that there was a violation of natural justice by the Competition Commission of India (CCI) in the probe.

Also read- Top dividend stock: Seven companies that have rewarded investors with up to 2050% dividend recently

On October 20 last year, the CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. The regulator also ordered the Internet major to cease and desist from various unfair business practices.

This ruling was challenged before the National Company Law Appellate Tribunal (NCLAT), which is an appellate authority over the orders passed by the CCI.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com