Competition clearance in Insolvency Resolution Process in India – Do the acquirers have a choice?

Competition Commission clearance in Insolvency Resolution Process in India – Do the acquirers have a choice? The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) in India has resulted in large corporate entities queuing up to acquire distressed companies and their assets, put on block following initiation of IBC proceedings. Acquisition of a corporate…

CCI PENALIZES BATTERY MANUFACTURERS’ ADMITTED CARTEL -DECIDES ITS SECOND LENIENCY CASE

CCI PENALIZES BATTERY MANUFACTURERS’ ADMITTED CARTEL -DECIDES ITS SECOND LENIENCY CASE     Competition Commission of India (CCI) by an order dated 19 April 2018, in its second decision on a leniency application, has awarded a 100 (One Hundred) per cent reduction in penalty to the leniency applicant, Panasonic Energy India Co. Ltd (“Panasonic”) in…

DELHI HIGH COURT REFUSES TO INTERFERE WITH CCI PRIMA FACIE ORDER POST INVESTIGATION

DELHI HIGH COURT REFUSES TO INTERFERE WITH CCI PRIMA FACIE ORDER POST INVESTIGATION   Delhi High Court vide a  recent judgement dated 09.03.2018 in a writ petition filed by Cadila Health Care has refused to interfere in a pending inquiry after the submission of the Director General’s (DG) investigation report .The High Court has provided clarity on…

CCI imposes penalty on domestic Airlines for price-fixing in air cargo operations

CCI imposes penalty  on domestic Airlines for price-fixing in air cargo operations The Competition Commission of India (“CCI”) vide order dated 07.03.2018 has imposed penalty on three domestic airlines, namely, Jet Airways (India) Ltd (‘Jet Airways’), InterGlobe Aviation Limited (‘IndiGo Airlines’) and SpiceJet Limited (‘SpiceJet’) (collectively ‘OPs’) amounting to INR 39.81 Crore, INR 9.45 Crore…

CCI imposes penalty of Rs. 1 Crore plus on GDA for abuse of dominant position

CCI imposes penalty of Rs. 1 Crore plus on Ghaziabad Development Authority for arbitrary increasing cost of EWS residential flats as abuse of its dominant position in Ghaziabad. The Competition Commission of India (CCI), acting on an information filed by an individual Satyendra Singh, vide its order dated 28.2.2018 has found Ghaziabad Development Authority (GDA/ Opposite Party-OP)…

CCI imposes highest penalty in terms of profit on a hard core cartel for coal liaisoning services for supply of coal to seven thermal power stations of Maharashtra State Power Generation Co. Ltd.

CCI imposes highest penalty in terms of profit on a hard core cartel for coal liaisoning services for supply of coal to seven thermal power stations of Maharashtra State Power Generation Co. Ltd.     The Competition Commission of India (CCI) vide its order dated  January 10, 2018 has exposed a cartel of three top coal…

CCI opens investigation against Star India Pvt. Ltd. for alleged abuse of dominance / price discrimination

  CCI directs investigation against Star TV (India) for abuse of dominance in distribution of channel content to MSO in the State of Kerala  The Competition Commission of India (CCI) vide order dated 29.12.2017 has initiated an investigation against Star India Pvt. Ltd (“Star India/ Opposite Party”)   for alleged abuse of dominant position  by charging…