COMPAT, vide its order dated December 07, 2015 set-aside the penalty of INR 47,63,579/- imposed by CCI on Shri Swapan Kumar Karak (Director, Karak Pharmaceuticals) holding him accountable, as a member of the Executive Committee of Bengal Chemist and Druggist Association (BCDA), for the decision by BCDA to restrict discounts on medicines by the pharmaceutical…
In the wake of globalisation, India has adopted revolutionary measures of opening up of its economy, removing of controls and to resort to liberalisation. It is, therefore, imperative that in order to cope up with the reforms and to introduce the concept of “Free markets” in the Indian economy, the Indian markets should be geared…
On December 19 2011 the Delhi High Court issued its decision in Jindal Steel & Power Ltd v Union of India. Concurrently, it disposed of a miscellaneous application filed by the Steel Authority of India Ltd (SAIL) in response to a writ petition filed by Jindal Steel & Power Ltd (JSPL), dealing with a dispute…
Recently, after the competition watchdog-Competition Commission of India (CCI) raised concerns over the telecom ministry’s plans to allow mergers and acquisitions (M&As) if the combined market share of merged mobile phone companies was up to 35% but less than 60%, the Telecom department has reportedly approached the Union Cabinet seeking exemption under the purview of…
In the wake of economic liberalization and widespread economic reforms introduced in India since 1991 and in its attempt to march from a “Command and Control” regime to a regime based on free market principles, India replaced its archaic Monopolies and Restrictive Practices Act, 1969 with a modern competition law, in sync with modern and…
Recently, in news published in the Financial Express on 11th August 2010, the Competition Commission of India (CCI) is reported to have issued wide ranging recommendations to the Planning Commission for incorporation in the proposed National Competition Policy. The recommendations relating to the electricity sector, as reported, include, inter-alia, review on policies of imposition of…
In the wake of economic liberalization and widespread economic reforms introduced in 1991, and in its attempt to move from a ‘command and control’ regime to a regime based on free market principles, India decided to replace its then existing competition law – the Monopolies and Restrictive Trade Practices Act 1969, which was primarily designed…
Competition law is essentially concerned with the study of markets, the objective being to ensure that there is competition between the suppliers in any market and that this competition benefits consumers. At the day-to-day level, applying competition law involves identifying markets and assessing whether competition is working well in those markets. It involves assessing how…
