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)

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.