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
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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