Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
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 ₹ 1,21,78,01,01,298/- as penalty and a sum of ₹ 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 Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.
Recovery of penalties: CCI enforces penalty collection under regulations despite some judicial stays and unpaid demands. The Competition Commission of India has imposed monetary penalties on 322 entities and uses the CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 to recover assessed amounts. Some recovery efforts have been affected by judicial intervention-certain recoveries were stayed or dismissed and other amounts remain unpaid or not yet due-while the Commission continues to pursue recovery as provided by law.Press 'Enter' after typing page number.