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| Exchange Received Time 23/05/2018 09:20:33 Exchange Disseminated Time 23/05/2018 09:20:39 Time Taken 00:00:06 | This is further to our letter dated 20th April 2018, in a Suo Moto case relating to Cartalisaton of Zinc carbon dry cell batteries, CCI had imposed a penalty of Rs. 42.26Crs against company and the Company made an appeal and stay application before the Hon. National Company Law Appellate Tribunal, New Delhi, (NCLAT) against the CCI''s Order dated April 19, 2018.
The Hon. NCLAT passed an order to stay the penalty with the direction of depositing 10% of the penalty amounts to Rs.4.22 Crs within 15 days with the Registry of the NCLAT.
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