The NCLAT has stayed a penalty imposed on NTPC by the CCI for not disclosing its acquisition of equity shares in Ratnagiri Gas & Power Pvt Ltd. The NCLAT, an appellate authority over the CCI, directed the matter to be listed for the next hearing and stayed the operation of the CCI's order. NTPC had acquired a stake in RGPPL without notifying the CCI, arguing that it was part of a debt settlement plan. However, the CCI held that NTPC violated the Competition Act and imposed a fine. NTPC has challenged this decision before the NCLAT.