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Competition Appellate Tribunal quashes Rs 73 crore penalties on Lupin, 2 officials

Competition Appellate Tribunal quashes Rs 73 crore penalties on Lupin, 2 officials

Citing multiple lapses in probe as well as in deciding the case by CCI, Competition Appellate Tribunal has quashed a Rs 73 crore fine imposed on pharma major Lupin and two of its officials for indulging in unfair business practices.

The matter pertains to alleged anti-competitive ways in supply of drugs in Karnataka.

Source: PTI
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