September 18, 2017

Competition News Bulletin - September 2017

We are happy to share the September, 2017 issue of our Newsletter, “Competition News Bulletin”.
Some highlights of this issue are as under:
  • Competition Commission of India (CCI) imposes penalty for bid-rigging in coal transportation auctions- The CCI has imposed a penalty of almost Rs. 12 Crore on 10 entities for allegedly colluding in four tenders for coal and sand transportation
  • CCI dismisses allegations of cartelization against the Reserve Bank of India and 19 other banks- The CCI has dismissed allegations against RBI and 19 other banks for colluding with respect to safe deposit locker facility provided by banks inter alia on the ground that there was insufficient evidence to prove cartelization against the banks.
  • European Court of Justice sets aside judgement of General Court against Intel Inc. – The European Court of Justice in an appeal filed by Intel Inc. against the decision of the General Court upholding the fine of €1.06 billion  imposed on it by the European Commission remitted the case back to the General Court on the ground that the General Court failed to consider Intel Inc.’s arguments whether the rebates at issue are capable of restricting competition
The Bulletin, now in its 8th year of publication is amongst  India’s first comprehensive Newsletters on the subject published by Vaish Associates, Advocates with an aim to supplement CCI’s efforts towards competition advocacy.
For any details and clarifications, please feel free to write to Mr. MM Sharma at [email protected]