Overview Of The Commitment And Settlement Regime

The commitments and settlements regime, under the Competition Act 2002 ("Act") (as amended) was brought into force with effect from 6^th March 2024. These changes were implemented through the simultaneous enforcement of certain provisions of the Competition Amendment Act, 2023 ("Amendment Act") by the Central Government and the notification of the Competition Commission of India (Commitment) Regulations, 2024 ("Commitment Regulations") and the Competition Commission of India (Settlement) Regulations, 2024 ("Settlement Regulations"), collectively "Regulations". Through these changes, a framework has been set up for the expedited resolution of matters pertaining to abuse of dominance and anti-competitive vertical agreements. This is done by allowing the entities under scrutiny to offer commitments and /or settlements to the Competition Commission of India ("CCI"). Set out below is a brief overview of the Indian commitments and settlements regime pursuant to these