India - NCLAT Dismisses An Appeal On Account Of Settlement Between The Parties.

Legal News & Analysis - Asia Pacific - India - Competition & Antitrust

5 July, 2019

 

On May 17, 2019, National Company Law Appellate Tribunal (‘NCLAT’) dismissed an appeal filed by Mr. Ranjit Singh Gujral (‘Appellant’) against a CCI order[1], dismissing the allegations of violation of Section 3 and 4 of the Act made by the Appellant against Vatika Limited (‘Vatika’) and Confederation of Real Estate Developers’ Associations of India (‘CREDAI’).

 

The Appellant decided to withdraw the appeal due to an out-of-court settlement with Vatika and CREDAI. Therefore, NCLAT decided to dismiss the appeal. However, the dismissal order did not record the terms of settlement. [2]

 

 

For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

zia.mody@azbpartners.com

 

[1] Case No. 23 of 2018
[2] Competition Appeal (AT) No. 01of 2019