Abuse On Account Of Collective Dominance Not Recognized By Indian Competition Regime: CCI Dismisses Allegation Of Cartelization By Telugu Film Producers [Read Order]

The competition commission of India has dismissed a complaint filed by Ashok Kumar Vallabhaneni, a Telugu Film & T.V. serial producer and distributor of dubbed Telugu movies against various studios engaged in the business of production and distribution of movies in Andhra Pradesh and Telangana. Ashok Kumar (Informant) had purchased the distribution and exhibition rights for...

Insolvency Proceedings Against Jet Airways in India And Netherlands- NCLAT to Decide The Legality of Dual Proceedings

What should the domestic company law tribunals do when a foreign court has already triggered insolvency proceedings against an Indian entity – this question has popped up before the NCLAT in the Jet Airways insolvency proceedings. In an interesting turn of events, the NCLAT while hearing an appeal filed by the Administrator appointed in the Dutch Bankruptcy Proceedings, has now sought...

CCI Directs DG To Probe If Intel Abused Its Dominant Position And Denied Market Access

The Competition Commission of India has directed the Director General (DG) to probe into allegations of abuse of dominant position by Intel Corporation and its Indian subsidiary Intel Technology India Private Limited. The decision came on a complaint filed by Matrix Info Systems Pvt. Ltd., (Informant), a Delhi based IT trading company engaged in the business of importing,...

NCLT Cautions RPs To Look Out For Excess Claims Made By Financial Creditors Against Corporate Debtor

The NCLT Principal Bench at New Delhi, while admitting an insolvency plea, has cautioned RP's to carefully settle the claims made by financial creditors, banks and financial institutions, in excess of what's actually owed to them by the Corporate Debtor. The petitioner (Operational Creditor) in the matter [S.A. Consultants and Forwarders Private Ltd. vs. Cargo Planners...

Director Of Company Can Be Made An Accused Along With It Only If There Is Sufficient Material To Prove His Active Role And Criminal Intent: SC [Read Judgment]

The Supreme Court has held that an individual either as a Director or a Managing Director or Chairman of the company can be made an accused, along with the company, only if there is sufficient material to prove his active role coupled with the criminal intent which has direct nexus with the accused.The bench comprising Justice Abhay Manohar Sapre and Justice R. Subhash Reddy observed thus...

CCI Imposes Penalty On LPG Gas Vendors For Cartelization In Bidding Process [Read Order]

The Competition Commission of India (CCI) has imposed penalty on 51 vendors for cartelization in the bidding process in supplying LPG Gas Cylinders to HPCL. A further penalty was imposed on 48 vendors for contravention of Section 48(1) of the Competion Act, 2002. The Commission took suo motu cognizance of the case upon receiving an anonymous letter dated 25.04.2013 alleging that a cartel...

CCI Finds Jaiprakash Associates Abusing Its Dominant Position, Imposes A Penalty Of 14 Crores [Read Order]

The Competition Commission of India (CCI) has imposed a fine of Rs. 13.82 crores on Jaiprakash Associates Limited (JAL) for by abusing its dominant position in contravention to the provisions of the Competition Act. The Complaint was filed by one Naveen Kataria against JAL. The Complainant also alleged that the terms and conditions in the Provisional Allotment Letter (PAL) were...