ELP – Quarterly Update – Competition Law & Policy – Q4 of 2023

We are pleased to share with you the latest edition of our Competition Law update where we cover some of the significant legal, regulatory, and policy developments in India’s competition law regime over the last quarter.

In our current update, we have covered key enforcement matters in India, including:

• The NCLAT sets aside the CCI’s order on cartelization against 18 sugar mills and their two trade associations; remands the matter back to the CCI for fresh hearing.
• The Madras HC dismisses writ petition filed by Agni Steels challenging the CCI’s investigation in an alleged steel cartel.

We have also covered updates on some important merger control matters in India and other key developments in the Indian competition law space, including:

• The CCI approves the Air India-Vistara merger.
• Mr. Ansuman Pattnaik appointed as Director General for the investigations arm of the CCI.
• The CCI releases draft regulations on Lesser Penalty and Turnover and Income for stakeholder consultation.
• The CCI launches a market study into the cement sector.

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