Key insights
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1
Potential $38 Billion Fine
Apple faces a massive fine based on global turnover under new CCI rules.
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2
Legal Challenge Filed
Apple has petitioned the Delhi High Court against the retrospective application of penalties.
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3
Impact on Foreign Firms
The case could set a precedent affecting foreign enterprises in India.
Takeaways
Apple's legal challenge against the CCI's new penalty rules highlights significant concerns regarding the fairness and constitutionality of retrospective penalties. The outcome of this case may reshape the regulatory landscape for foreign companies in India.