Supreme Court stays CCI's â¹6,700 cr penalty on cement firms
The Supreme Court on Friday stayed the over â¹6,700-crore penalty that was imposed on 11 cement companies by the Competition Commission of India (CCI) over allegations of cartelisation. The court asked the companies to deposit only 10% of the amount. The competition regulator had imposed the highest penalty of â¹1,175.49 crore on Aditya Birla Group firm UltraTech Cement.n