Arms Peripherals appeals NCLAT against CCI order imposing penalty for alleged cartelization in public tenders.
Appellant argues CCI used wrong legal section and provided no evidence of actual cartel formation.
Appellant claims no profit from two tenders worth ₹1.08 crore as bids were unsuccessful.
NCLAT adjourns case to 23.11.2026 for CCI to file reply on appeal and stay application.