News & Media 22nd Feb 2024
The Competition Commission of India (CCI) has implemented regulations for the leniency-plus regime, allowing companies involved in cartelisation to report other cartels and receive reduced penalties. The CCI can reduce penalties by up to 30% for involvement in the first cartel and up to 100% for newly-disclosed cartels. The amount of penalty reduction will be based on the evidence provided by the applicant.
Against this backdrop, Ravisekhar Nair, Partner, Economic Laws Practice (ELP) has been quoted in an article “CCI notifies leniency-plus scheme to curb cartelization” published by Economic Times.