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ARTICLE · 24 JANUARY 2017

Competition Commission Of India Grants Leniency For The First Time

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Interestingly, for the first time, the CCI has granted a reduction of penalty to an enterprise based on its application under Section 46 and the LPR.

IndiaAntitrust/Competition Law
Avaantika Kakkar
Avaantika Kakkar
Sagardeep Rathi
Sagardeep Rathi
Arunima Chatterjee
Arunima Chatterjee
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In Re: Cartelization in respect of tenders floated by Indian Railways for supply of Brushless DC Fans and other electrical items, the Competition Commission of India (CCI) has imposed penalties on M/s Pyramid Electronics, Parwanoo (OP 1), M/s R Kanwar Electricals, Noida (OP 2) and M/s Western Electric and Trading Company, Delhi (OP 3) (collectively, OPs) and their respective responsible office-bearers for the contravention of Section 3(3) of the Competition Act, 2002 (as amended) (Competition Act). This is the first instance where the CCI granted a reduction of penalty to an applicant under Section 46 of the Competition Act and the Competition Commission of India (Lesser Penalty) Regulations, 2009 (the LPR).

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