COMPAT sets aside Rs 72.5 lakh CCI penalty on Kingfisher

The Competition Appellate Tribunal has set aside a penalty imposed by Competition Commission of India (CCI) on Kingfisher Airlines , which was charged with not furnishing certain information during a probe into a strategic pact announced with Jet Airways in 2008.
The airline, part of Vijay Mallya-led UB Group, had approached the Tribunal after the CCI imposed a fine of Rs 72.5 lakh on the carrier on January 9, 2012.
After hearing Kingfisher's plea, the COMPAT observed that the CCI had acted beyond its scope in the matter and set aside the penalty.
31/08/12 moneycontrol.com

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Categories: Kingfisher Aug 2012