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NCLAT Issues Notice In Appeal Filed By OYO Subject To Depositing 10% Of Penalty Amount

Akshay Sharma
24 Nov 2022 4:30 PM GMT
NCLAT Issues Notice In Appeal Filed By OYO Subject To Depositing 10% Of Penalty Amount

The National Company Law Appellate Tribunal (NCLAT) bench comprising of Justice Rakesh Kumar and Dr. Ashok Kumar Mishra issues notice in the appeal filed by Oravel Stays Ltd ("Oyo") against the order of Competition Commission of India wherein CCI imposed a penalty of INR 168.88 Crores on OYO.

NCLAT only issued the notice on the appeal filed by OYO subject to the condition of depositing 10% of the penalty amount and directed that the 10% of the penalty amount must be deposited within a period of six weeks.

CCI imposed penalty on OYO because MMT-Go and OYO entered into confidential commercial agreements wherein MMT-Go has agreed to give preferential treatment to OYO on its platform, leading to a denial of market access to Treebo and FabHotels.

The matter is now posted for hearing on 11.04.2023.

Case title: Oravel Stays Ltd.v. CCI & Ors., Competition App. (AT) No. 55/2022

For Appellant: Mr. Mukul Rohatgi, Sr. Advocate, Mr. Raj Shekhar Rao, Sr. Advocate, Ms. Shally Bhasin, Mr. Harman Singh Sandhu, Mr. Rohan Arora, Mr. Ravi.G, Ms. Sonali.C, Advocates

For Respondents: Mr. Venkatraman Sr. Advocate ASG, Mr. Samar Bansal, Ms. Sharmistha Ghosh, Advocate for R1/CCI.

Mr. Guru Krishan Kumar, Sr. Advocate, Ms. Rukmini Bobde, Ms. Sonal Gupta, Mr. Ishan Nagar, Mr. Abhishek Thakral, Advocate for R2.

Mr. Vaibhav Gaggar, Mr. Vaibhav Chouksey, Ms. Ela Bali, Ms. Kokila Kumar, Mr. Faiz Siddiqui, Mr. Ketan Sarraf, Mr. Mrityounjay Mahendra, Mr. Tushar Chawla, Advocate for R3.

Mr. Abir Roy, Mr.Soham Goswami, Mr. Vivek Pandey, Mr. Aman Shankar, Mr. T.Sundar Ramanathan, Advocates for R4.

Click Here To Read/Download Order

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