Newsletter/Booklets 3rd Mar 2023

ELP – Quarterly Update – Competition Law & Policy – Q4 0f 2022

Authors

Abhay Joshi Partner | New Delhi | Noida
Parthsarathi Jha Partner | New Delhi | Noida
Ravisekhar Nair Partner | Bengaluru

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  • 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 and M&A matters in India including:

    • CCI approves combination of Zee Entertainment and Culver Max Entertainment with modifications.
    • MakeMyTrip and Oyo’s practices found anti-competitive; CCI imposes penalty of INR 392.36 crores
    • CCI finds abuse of dominance by Google in Smartphones OS and related markets; imposes penalty of INR 1337 crores
    • CCI finds Google Play Store payment policies abusive; imposes penalty of INR 936 crores
    • NCLAT upholds CCI order penalizing Beer Companies for cartelization; limits leniency applicant’s right to appeal on merits

    In addition to this we also have a section on the following key competition law updates

    • Standing Committee on Finance provides recommendations on amendments under the Competition (Amendment) Bill, 2022
    • Parliamentary Standing Committee on Finance presents Report on the ‘Anti-Competitive Practices by Big Tech Companies’

    Read More

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