Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the change-wp-admin-login domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u168781334/domains/cashmycurrency.com/public_html/wp-includes/functions.php on line 6121
NCLAT to hear Meta’s plea against CCI’s penalty on January 16 – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
blog@cashmycurrency.com
Submit Release

NCLAT to hear Meta’s plea against CCI’s penalty on January 16

NCLAT to hear Meta’s plea against CCI’s penalty on January 16

NCLAT to hear Meta’s plea against CCI’s penalty on January 16

On November 18, 2024, the Competition Commission of India imposed a penalty of ₹213.14 crore on Meta for unfair business ways with respect to WhatsApp privacy policy update done in 2021.
| Photo Credit: Reuters

Meta Platforms Inc on Monday (January 6, 2025) moved corporate appellate tribunal National Company Law Appellate Tribunal (NCLAT) against the order passed by fair trade regulator CCI, which imposed a penalty of ₹213.14 crore for abuse of its dominant position.

The petition was mentioned before a NCLAT bench which also comprised its Chairperson Justice Ashok Bhushan.

Senior advocates Kapil Sibal and Mukul Rohatgi appearing for Meta requested for an urgent hearing in the matter considering the importance and nature of the matter.

A three-member bench, which also consisted of technical members Barun Mitra and Arun Baroka, directed listing the petition on January 16 for hearing.

On November 18, the Competition Commission of India (CCI) had imposed a penalty of ₹213.14 crore on social media major Meta for unfair business ways with respect to WhatsApp privacy policy update done in 2021.

Besides, the competition watchdog has directed Meta to cease and desist from anti-competitive practices.

Meta and WhatsApp have also been asked to implement certain behavioural remedies within a defined timeline to address the anti-competition issues, according to a CCI order.

The regulator has called for implementing various remedial measures, including barring WhatsApp from sharing data collected on its platform with other Meta companies or Meta company products for advertising purposes for five years.

Among other directions, CCI has said that sharing of user data collected on WhatsApp with other Meta companies or Meta company products for purposes other than for providing WhatsApp services shall not be made a condition for users to access WhatsApp service in India.

Published – January 06, 2025 10:36 pm IST

Read Full News

Related Posts

About CashMyCurrency

CashMyCurrency.com: Your Trusted Global Partner for Currency Exchange, Conversion, and Financial Content Services Established in 2010, CashMyCurrency.com stands as a beacon of trust and reliability in the world of currency exchange and conversion. With a strong foundation built on years of experience, we have expanded our services to encompass a wide spectrum of financial content, including blogs, articles, and press releases, all within the realm of digital currency exchange on a global scale. If you have a financial story to share, a press release to circulate, or a blog post that needs a global audience, look no further. Our platform welcomes your contributions, offering you the opportunity to showcase your expertise and insights on an international stage. Submit your content to our email, and experience the swiftest publication in our extensive global financial database.

Go to top

© 2000-2023 CashMyCurrency | All rights reserved.

Scroll to Top