CCI Cannot Impose Interest Retrospectively from a Date Prior to Valid Service of Demand Notice: Delhi High Court

The Delhi High Court recently dealt with a significant case concerning the Competition Act, 2002, specifically addressing the issue of levy of interest by the Competition Commission of India (CCI). The matter arose from a challenge to the interest claimed by the CCI on a penalty imposed under Section 27(b) of the Competition Act, 2002. The petitioner, a leading industrial company, argued that no demand notice had been issued under…