CCI cannot demand interest without following prescribed procedure: Delhi HC

Geep Industries (India) Pvt. Ltd. & Ors Vs Competition Commission of India (Delhi High Court) Geep Industries (India) Pvt. Ltd. & Ors v. Competition Commission of India (CCI) involves a challenge to an order passed by the CCI on July 18, 2023, directing the petitioners to deposit interest on a penalty amount for a specific period. The petitioners argue that the CCI lacked the authority to demand interest without following the prescribed procedure outlined in the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011 (2011 Regulations). The case arose...