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ARTICLE · 01 MARCH 2017

And The Juggernaut Rolls On…

Kochhar & Co.
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On February 1, 2017, the Hon'ble Finance Minister of India presented the Union Budget for 2017-18.

IndiaAntitrust/Competition Law
Piyush Gupta
Piyush Gupta
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On February 1, 2017, the Hon'ble Finance Minister of India presented the Union Budget for 2017-18. Historically the Union Budget is all about funding deficits, rollbacks, government initiatives and the likes; however, this year's speech by the Hon'ble Minister, hinted upon a proposal which may completely change the enforcement of the competition regime in India.

The Hon'ble Minister (and thus, by implication, the Central Government) has proposed "to rationalize the number of tribunals and merge tribunals wherever appropriate" [emphasis added].

This article examines the scope of the government's aforementioned proposal and the impact of the same on one of the new entrants to the array of "tribunals" in India – the Competition Appellate Tribunal.

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