NCLAT declines to stay CCI order against UFO Moviez, Qube Cinema

The appellate tribunal NCLAT has refused to stay a CCI order, which imposed penalties on UFO Moviez India and Qube Cinema Technologies for indulging in anti-competitive practices.

A three-member bench said the “balance of convenience” and “prima facie” case lies in favour of the Competition Commission of India (CCI), given concurrent findings in the DG Investigation report.