NCLAT quashes CCI order punishing Hyundai for Resale Price Maintenance and Tying-in* The National Company Appellate Tribunal (“NCLAT/ Tribunal ”) by way of an order dated August 19, 2018 , has set aside the CCI Order dated June 14, 2017 against Hyundai Motors India Ltd. (“Hyundai”) which penalized Hyundai for imposing anti-competitive vertical restraints of indulging in resale price maintenance (RPM) and tying -in , on two of its dealers , based in Faridabad, Delhi NCR ( (Fx Enterprise Solutions India Pvt. Ltd ) and in Trivandrum , Kerala (St. Antony’s Cars Pvt. Ltd.) (Collectively “Informants”), primarily on technical grounds of alleged non-appreciation of evidence independently by the CCI and relying completely on the findings given in the DG’s investigation report. In its impugned Order
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The Indian National Company Law Appellate Tribunal reverses the Competition Authority’s decision which penalized a company for imposing anti-competitive vertical restraints in the manufacturing vehicle sector (Hyundai)
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