JSW Energy will wait for all regulatory clearances before committing acquisition funds for KSK Mahanadi Power and is seeking legal opinion on the subject as it awaits the anti-trust watchdog’s nod for its debt resolution roadmap. The National Company Law Tribunal (NCLT) has already given its approval to the JSW bid. “JSW is likely to … Read more
The Competition Commission of India (CCI) on Thursday proposed amendments to improve the efficiency and structure of its penalty recovery process. Inviting comments by December 6, the CCI said the proposed changes target procedural clarity and effectiveness in recovering penalties levied for violations of the Competition Act, 2002. “Based on the experience gained during implementation … Read more
As efforts continue to curb unfair business practices, CCI chief Ravneet Kaur on Tuesday said competition authorities cannot look at coordinated action in terms of enforcement against international cartels as each country has a different ecosystem. While addressing the media about the BRICS International Competition Conference to be held in the national capital from October … Read more
Fair trade regulator CCI on Wednesday issued the draft regulations for commitment and settlement provisions under the competition law. The provisions, introduced in the Competition Act through the amendments made earlier this year, are aimed at ensuring quicker market correction, according to the Competition Commission of India (CCI). Stakeholders can submit their comments on the … Read more
The Insolvency and Bankruptcy Board of India (IBBI) is taking measures to address issues concerning insolvency resolution process, an official said on Friday. IBBI Executive Director Sandip Garg, who was speaking at a conference organised by industry body Assocham, said that the insolvency law has kept pace with the emerging market requirements and will remain … Read more
A national digital drugs databank will help in addressing “information asymmetry” as well as provide key inputs in mapping the regulatory needs of different states, according to a pharmaceutical sector study conducted by the Competition Commission of India. The fair trade watchdog, which works on ways to foster competition and curb anti-competitive practices, in the … Read more
Lowering data privacy protection by dominant entities can be construed as abuse of dominant position, according to Competition Commission of India () chairman Ashok Kumar Gupta. “Lowering of privacy protection by dominant enterprises could be construed to be an abuse of dominant position and therefore fall within the ambit of antitrust as low privacy standards … Read more
Mumbai | New Delhi: The Competition Commission of India (CCI) is set to ask Google whether the US Internet giant’s purchase of a 7.73% stake in Jio Platforms would entail any sharing of data in a way that could stymie competition, especially in the handset industry, said people familiar with the matter, including lawyers and … Read more
The Competition Commission of India (CCI) has dismissed a case of abuse of dominance alleged against Amazon Sellers Service by Dutch brand Beverly Hills Polo Club (BHPC) on Friday. According to the order, BHPC, the informant, claimed that Amazon Sellers Service, through its dominance of the online fashion retail space and together with its affiliates … Read more