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India: IndiGo, SpiceJet win appeal against fines

By  |  February 9, 2016

IndiGo and SpiceJet have won an appeal against the penalties totalling Rs 106 crore imposed last year by the national fair trade watchdog over their alleged business malpractices.

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    The Competition Appellate Tribunal on Tuesday stayed the penalties ordered by the Competition Commission of India against the two airlines for alleged cartelisation in fixing fuel surcharge on air cargo.

    The tribunal’s decision follows appeals filed by the two airlines against the CCI order passed in November 2015.

    Penalties of Rs 63.74 crore and Rs 42.48 crore were imposed on IndiGo owner InterGlobe Aviation and SpiceJet, respectively.

    Staying the CCI order, the tribunal said it would hear the matter next in March.

    Full content: NDTV

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