Apple Moves Delhi High Court Against CCI's 'Global Turnover' Penalty Rule; Claims Exposure To $38 Billion Penalty

Apple INC has moved the Delhi High Court challenging the amendment to the Competition Act, 2002, allowing the Competition Commission of India (CCI) to impose penalties based on a company's global turnover.A division bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela will be hearing the matter on December 03. Apple has challenged the 2023 amendment to...