Anti-trust law enforcement stands legal scrutiny: CCI chairman

Out of 42 cases where the competition watchdog has been challenged in the court, 41 court orders have gone in its favour

deevakar

Deevakar Anand | June 2, 2011



Even as competition law enforcement frequently gets tangled in the mesh of litigation, trial results show a just and efficient implementation of the competition laws, asserted outgoing Competition Commission of India (CCI) chairman Dhanendra Kumar on Thursday.

Since May 2009, the anti-trust watchdog took up 171 cases under the Competition Act. Whereas 113 cases out of these were filed by various individuals, associations and business entities against other entities, 50 cases were received from the erstwhile Monopolies and Restrictive Trade Practices Commission. The remaining cases were referred by statutory authorities or taken up suo motu by CCI.

Kumar said that of the 42 cases where the commission's order have been challenged in the courts only one of them was decided against it.

“This shows that the procedure being followed in the commission has met the test of legal scrutiny so far”, he noted.

He added that on the basis of prima facie opinion, the commission has so far ordered 100 cases for investigation through director general as provided under section 26(1) of the Act whereas orders have been passed in 58 cases under section 26(2) where in the opinion of the commission, no prima facie infringement of the Act was found. In addition, Kumar said that interim relief has also been granted in 16 cases under section 33 of the Act and the commission has also imposed penalties in one case finding that there was contravention of the provisions of Section 3 of the Act.

Comments

 

Other News

Retail inflation crosses 6% mark

Retail inflation based on Consumer Price Index for October has reached 6.09%, whereas year-on-year food inflation, based on Consumer Food Price Index, for October is 8.94%, an official release said on Thursday.   Year-on-year inflation rate based on All India Consumer Price I

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter