Analysis of penalties imposed by competition commission of India

Abstract

The Competition Act 2002 has come in the place of MRTP Act 1969. CCI impose penalty for contravention of orders of Competition Commission. Only 0.23% of the Penalty imposed by Competition Commission of India realized in the last 3 years in the 327 cases where penalty has been imposed by the Competition Commission of India. Close to 81% of the total penalty has been stayed by Competition Appellate Tribunal/High Court/ Supreme Court. The regulator aims to promote the culture of compliance among businesses, adding that monetary penalties should be rational and proportional. However, the CCI has issued some major penalties on companies indulging in anti-trust activities.