CCI imposes penalty on Geep Industries for being a member of bilateral “ancillary” cartel The Competition Commission of India vide order dated 30/08/18 imposed a penalty of Rs.9,64 06,682 on Geep Industries (India) Private limited for acting in violation of Section 3(3) read with Section 3(1) of the Competition Act, 2002. The case was initiated…
CCI imposes penalties on the Chemists’ Associations in State of Gujarat and three pharma companies for indulging in practice of “No Objection Certificate” before appointment of stockists The Competition Commission of India (“CCI”) by way of an order dated 12 July 2018 has imposed penalty on the Federation of Gujarat State Chemists and Druggists Association,…
CCI decides its fourth leniency, imposes penalty on broadcasting service providers for bid-rigging in tenders floated by Sports Broadcasters- By way of an order dated 11 July 2018, the Competition Commission of India (CCI) imposed a penalty of INR 22.36 Crore on Essel Shyam Communication (Essel Syam) for bid-rigging in tenders floated by sports broadcasters,…
CCI closes allegation of cartel against 37 suppliers of signaling cables to Indian Railways The Competition Commission of India (CCI/Commission ) by way of an order dated 12 July 2018 rejected the findings of the Director General (DG) and closed the case against 37 signaling cable manufactures in relation to allegations of bid-rigging in eight…
NCLAT upholds the highest penalty imposed by CCI on cement cartel The National Company Law Appellate Tribunal (NCLAT) by way of a judgement dated 25 July 2018 has upheld the penalty imposed by the Competition Commission of India (CCI) on 11 cement companies for cartelization. The CCI in its order dated 31 August 2016 had…
CCI imposes penalty on South Asia LPG Company Ltd for abuse of dominant position- a classic case of denial of essential facility The Competition Commission of India (CCI) by an order dated 11 July 2018, has imposed penalty of INR 19.2 Crore on South Asia LPG Company Ltd (‘SALPG’) , a joint venture between TOTAL…
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 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 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 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…
