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The Ministry of Corporate Affairs, through notification dated September 9, 2024, i.e., shortly after the close of the monsoon session of the Indian parliament, implemented multiple merger control prov...
The Competition Commission of India (the 'CCI'), through its order dated June 14, 2017, has imposed a penalty of INR 870 million (Indian Rupees Eighty-Seven Crores) (approximately USD 13.4 million) on Hyundai Motor India Limited ('HMIL') for indulging in anti-competitive practices in violation of Section 3(1) of the Competition Act, 2002 (the 'Act') by indulging in practices of maintaining resale prices of its dealers and entering into tie-in arrangements in violation of Section 3(4) of the Act, which sets out anti-competitive arrangements across vertical markets.
