Delhi High Court directs Centre and CCI to place their reply on record in Apple Inc’s plea challenging audit orders and Competition Act amendments. Apple argues penalties based on global turnover could reach USD 38 billion.
Apple has challenged India’s new competition law before the Delhi High Court, warning that penalties based on global turnover could lead to an unprecedented $38 billion fine. The tech giant argues the amended rules are unconstitutional and unfair, while the CCI insists they are necessary to curb anti-competitive practices.