Competition Law
The Competition Commission of India’s (CCI) appellate tribunal does not have the power to second-guess the CCI’s decisions to investigate anti-competitive behaviour, the Supreme Court held today in an “emphatic victory” for the CCI and Jindal Steel and their lawyers Amarchand Mangaldas, Economic Laws Practice (ELP) and counsel Harish Salve and Gopal Subramanium.
Competition Law
Ranjit Walia & Co-briefed senior counsel J F Pochkhanawalla celebrates victory against “galaxy of senior advocates and law firms” in CCI Rs 54 crore fuel surcharge price fixing order against airlines...
Competition Law
The Competition Commission of India (CCI) has heard 80 cases relating to allegedly anti-competitive agreements and dominant positions of enterprises, as 50 cases were transferred from the erstwhile Monopolies and Restrictive Trade Practices Commission (MRTPC), said corporate affairs minister Salman Khurshid in the Rajya Sabha yesterday.
Competition Law
The Competition Commission of India (CCI) wants full ratification of its merger control powers under both section 5 and 6 of the Competition Act, which has languished unapproved for months. The CCI chairman Dhanendra Kumar said at a meeting that the CCI would like to give its consent for most M&A transactions within 30 days of filing, which was only possible if the government ratified both sections 5 and 6 of the Competition Act, according to the Financial Express and other papers. Section 5 states that an Indian company with a turnover of over Rs 3,000 crore can not acquire another company without the CCI’s prior notification and approval. Section 6 voids amalgamations which adversely and appreciably affect competition within a relevant market. Already in February Kumar said he was looking forward to speedy notification of the merger control guidelines.
Kumar also added that the CCI had received 118 cases to date, of which 24 had been dismissed after finding no violation of competition law and five were in the final stage of determination.
Competition Law
The Competition Commission of India (CCI) is looking into investigating the Commonwealth Games for its award of key contracts, according to the the Financial Express. Unnamed sources told the Financial Express that several contracts were awarded to private players without conducting a fair tendering process. “There are serious competition violations. We are collecting all information on the bidding process following which we will take a decision on whether to conduct a suo moto probe into it or not,” a senior CCI official told the paper, which contravened sections 3 and 4 of the Competition Act 2002.