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ARTICLE · 24 OCTOBER 2023

CCI's Draft Settlement And Commitment Regulations Are Far From Expectations

Luthra and Luthra Law Offices India
Luthra and Luthra Law Offices India
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The Competition Commission of India (CCI) released the Draft Competition Commission of India (Settlement) Regulations, 2023 (Settlement Regulations) and the Competition Commission of India...

IndiaAntitrust/Competition Law
G R Bhatia
G R Bhatia
Sanyam Juneja
Sanyam Juneja
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The Competition Commission of India (CCI) released the Draft Competition Commission of India (Settlement) Regulations, 2023 (Settlement Regulations) and the Competition Commission of India (Commitment) Regulations, 2023 (Commitment Regulations) in line with the objective of reducing litigation and ensuring quicker market correction. The timelines for uploading public suggestions are by now over and the CCI is expected to be fully engaged in finalizing the same.

The Competition (Amendment) Act, 2023 (AmendmentAct) introduced Section 48A and Section 48B to the Competition Act, 2002 (Act) to create a settlement and commitment mechanism respectively, to enable enterprises against whom an inquiry is initiated for an alleged contravention of Section 3(4) and Section 4 of the Act. It is expected that these provisions will become effective soon after Regulations are notified by the CCI.

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