CCI probing 26 cases for anti-competitive issues: Ashok Chawla
Competition Commission of India (CCI) is probing about 26 cases for alleged anti-competitive issues as complaints of unfair market practices show a rise, a top official of the regulator said today.
Citing the rise in information received by it, CCI Chairman Ashok Chawla said that awareness about competition norms is increasing in the country. CCI keeps a tab on anti-competitive practices across sectors.
"About 25-26 case are currently under the investigation of the Director General," Chawla said. DG is the investigating arm of the fair trade regulator.
Noting that the Commission has responded to cases within a reasonable time frame, he said the amount of information being received by it has increased in the last few months.
If the Commission was receiving information (related to possible anti-competitive practices) six or seven times in a month, Chawla said that in last few months, the numbers have gone up by "25-30 percent".
According to him, the regulator has dealt with around 340 cases related to anti-competitive agreements and abuse of dominant position in the market.
"Almost in half of them, the Commission did not find any prima facie evidence of violation of competition rules and did not proceed to the investigation stage," he said while addressing a conference on competition law organised by
industry body Assocham.
The Commission has so far dealt with around 116 cases with regard to mergers and acquisitions (M&As). None of them required phase II investigations that pertains to market issues post transaction, Chawla said.
Speaking on the occasion, Competition Appellate Tribunal Chairman Justice V S Sirpurkar
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