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The National Company Law Appellate Tribunal (NCLAT) on Friday upheld the Competition Commission of India's penalty of over Rs 870 crore on Kingfisher beer manufacturer United Breweries Ltd and Carlsberg India Pvt Ltd for cartelisation in the sale and supply of beer in various states and union territories.
“We do not find merit in either of the appeals and all the appeals are dismissed,” said an NCLAT Bench of Justice Rakesh Kumar, Member (Judicial) and Ashok Kumar Mishra, Member (Technical), while dismissing the appeals filed by the companies.
CCI, represented by Senior Advocate Manish Vashisht, submitted that in India, United Breweries (UB), Crown Beers, SABMiller, and Carlsberg are well-known companies that own famous beer brands such as Kingfisher, Budweiser, Haywards,
