HC upholds CCI's order for payment of interest on delayed payment of penalty

COMPETITION LAW : Where penalty had been imposed on petitioner on account of being involved in 'bid rigging' in collusion with three other companies in violation of section 3 and petitioner had been directed by impugned order by CCI to deposit interest on account of delay in payment of penalty, interest on such penalty being a statutory levy was required to be paid and, therefore, petitioner was required to pay interest on delayed payment of penalty

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