NCLAT stays CCI penalty on computer chip maker Intel Corp

The National Company Law Appellate Tribunal (NCLAT) has stayed the Rs 27.38 crore penalty imposed by the Competition Commission of India (CCI) on Intel Corporation over its India-specific warranty policy for boxed microprocessors.

A two-member bench stayed the penalty last week until the next hearing. Intel Corporation has challenged the CCI’s February order imposing a penalty for engaging in anti-competitive practices related to its India-specific warranty policy for its boxed microprocessors.