Google was instructed to implement the direction of the Competition Commission of India (CCI) and deposit the amount in 30 days.
The National Company Law Appellate Tribunal (NCLAT) on Wednesday upheld the order of the fair trade regulator Competition Commission of India (CCI) of imposing a penalty of $162 million on the internet giant Google.
The tribunal on Wednesday, March 30, said that CCI's findings of Google's anti-competitive conduct were correct, however quashed four of the 10 antitrust remedies that had been imposed on Google to change its business model.
Among the reliefs, Google will now not need to allow hosting of third-party app stores inside Play Store, as had been previously ordered by the CCI.
The $162 million fine was imposed on Google by the Competition Commission of India (CCI) last October. The regulator had also ordered the internet major to cease and desist from various unfair business practices.
This ruling was challenged before the NCLAT, which is an appellate authority over the orders passed by the CCI.
Source: Mint
