The Delhi High Court has redirected Nasdaq-listed MakeMyTrip to the National Company Law Appellate Tribunal (NCLAT) for any interim reliefs it may desire on the non-monetary sanctions imposed by the Competition Commission of India (CCI) for indulging in anti-competitive conduct.
As for the monetary sanctions, the Delhi High Court has stayed the recovery of 90 per cent of penalty of ₹223.48 crore imposed by CCI subject to the deposit of 10 per cent of the total penalty amount.
“Insofar…