NCLAT will begin hearing Google's plea against CCI imposing Rs 936.44 crore penalty on the tech giant for abusing its dominant position with respect to Play Store policies
A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a "mere recovery legislation for creditors".
The application has been filed by IDBI Trusteeship Services Limited before the National Company Law Tribunal, Bengaluru for alleged default of Rs 228.45 crore.
The CCI in October slapped a steep penalty of Rs 1,337.76 crore on internet giant Google for abusing its dominant position in multiple markets in relation to Android mobile devices
In its order in August, the NCLT Chennai said that Sivasankaran application under section 12 (A) does not stand. NCLT has also dismissed the SBI application.
ISPL had undertaken construction and financing of a 100 MW AC solar power project in Bellary district, Karnataka, for Embassy Energy Private Limited (EEPL) that was commissioned in February 2018.
Senior advocate Harish Salve, appearing for Flipkart, said that CCI doesn't look at the findings of the Government and relied on the tax department findings and misread the findings of the tax tribunal