NCLAT Rejects Sundaram Brakes' Appeal on Railways Tendering

05 Apr 2024 CW Team

The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Sundaram Brakes challenging a cease-and-desist order issued by the Competition Commission of India (CCI) regarding railway tendering. This decision marks a setback for Sundaram Brakes in its legal battle against the CCI's directives.

Sundaram Brakes had filed the appeal seeking relief from the CCI's order, which had directed the company to cease certain activities related to railway tendering. The CCI had issued the order based on allegations of anti-competitive practices by Sundaram Brakes in the railway tendering process.

However, the NCLAT has upheld the CCI's order, stating that there was sufficient evidence to support the allegations of anti-competitive behaviour by Sundaram Brakes. The tribunal found that Sundaram Brakes had violated competition laws and engaged in practices that were detrimental to fair competition in the railway tendering market.

This ruling by the NCLAT reinforces the authority of the CCI in regulating competition in the railway sector and ensuring a level playing field for all participants in the tendering process. It sends a strong message to companies operating in the industry that anti-competitive practices will not be tolerated and will be met with legal consequences.

The dismissal of Sundaram Brakes' appeal highlights the importance of adherence to competition laws and ethical business practices in the railway sector. It underscores the need for companies to conduct their operations in a transparent and fair manner to promote healthy competition and foster a conducive environment for all stakeholders involved in railway tendering.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..