NCLAT to decide on Meta’s plea against CCI order stay next week

The National Company Law Appellate Tribunal (NCLAT) has admitted Meta’s plea challenging a ₹213.14 crore penalty imposed by the Competition Commission of India (CCI) for alleged abuse of market dominance. The tribunal is scheduled to hear Meta’s request for an interim stay on January 23.

“We find that submissions made by the parties need consideration. We admit both appeals. Orders on interim reliefs will be pronounced next Thursday,” stated a bench comprising chairperson Justice Ashok Bhushan and technical member Arun Baroka.