The Indian National Company Law Appellate Tribunal admits compensation application filed against two agrochemicals companies for bid-rigging (Food Corporation of India / Excel Corp Care / Sandhya Organic Chemicals)

KEYWORDS
Reference

Indian National Company Law Appellate Tribunal, Food Corporation of India / Excel Corp Care / Sandhya Organic Chemicals, Case No.01 of 2019, 3 June 2020

Key Points Limitation period for filing an application for compensation under Section 53N(1) of the Competition Act starts only after the CCI order attains finality upon determination of the final round of appeal, whether it be before the appellate tribunal or the Supreme Court. Brief Facts Food Corporation of India (“FCI”) has filed a compensation application under Section 53N(1) of the Competition Act before National Company Law Appellate Tribunal (“NCLAT”) seeking compensation from Excel Corp Care Ltd., UPL Ltd. and Sandhya Organic Chemicals (P) Ltd.

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.