Photo of Ruchi Verma

Associate in the Competition Practice at the Mumbai office of Cyril Amarchand Mangaldas. Ruchi advises on a full range of competition matters, including merger control and abuse of dominance. She can be reached at ruchi.verma@cyrilshroff.com

The Competition Commission of India (CCI), in its order dated 11 July 2018[1], has awarded a 100 per cent reduction in penalty to leniency applicants Globecast India Private Limited (GI) and Globecast Asia Private Limited (GA) (collectively referred to as Globecast), along with their respective responsible office-bearers. It has also awarded a 30 per cent reduction to Essel Shyam Communication Limited (now Planetcast Media Services Limited) (ESCL) along with their responsible officer bearers, in a cartel case in the broadcasting services industry.

This is the latest and the fourth such order of the CCI granting reduction of penalty to applicant(s) under Section 46 of the Competition Act, 2002 (Act) and the Competition Commission of India (Lesser Penalty) Regulations, 2009 (Leniency Regulations).

Continue Reading Fourth Order in Less than Two Years: The CCI’s Leniency Regime Gathers Momentum