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CCI has imposed penalty in 322 cases so far

By TIOL News Service

NEW DELHI , DEC 16, 2014: The Competition Commission of India (CCI) has imposed penalty on 322 entities as follows: 

Year
Number of entities on which the penalty has been imposed
Total amount (Rs.)
2011
38
6,87,28,40,613
2012
95
72,76,86,21,528
2013
20
18,34,28,35,225
2014 (as on 31.10.2014)
169
26,75,26,39,556
Total
322
1,24,73,69,36,922

The Commission has made the CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 regulating the manner in which penalties imposed by it shall be recovered.  

The Competition Appellate Tribunal/Courts have dismissed/stayed the recovery of a sum of Rs.1,21,78,01,01,298/- as penalty and a sum of Rs.2,16,52,33,351/- is not yet due/not been paid as penalty so far. CCI is taking action as per law for recovery of penalties.

This was stated by Mr Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.

 


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