https://www.taxtmi.com/caselaws?id=457225 The Competition Appellate Tribunal upheld CCI's penalty against NSE for abusing its dominant position by introducing predatory pricing through waiving transaction fees in the Currency Derivatives Segment. The Tribunal rejected NSE's argument that penalty should be calculated only on relevant segment turnover, holding that NSE's entire turnover should be considered as the relevant market encompasses all stock exchange segments. The 5% penalty on average turnover was maintained. However, the Tribunal deleted CCI's direction requiring NSE to maintain segment-wise accounts, finding it unnecessary given the broad relevant market definition. The appeal was dismissed with no merits found. en-us Tue, 05 Aug 2014 00:00:00 +0530 Thu, 12 Sep 2024 20:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457225 The Competition Appellate Tribunal upheld CCI's penalty against NSE for abusing its dominant position by introducing predatory pricing through waiving transaction fees in the Currency Derivatives Segment. The Tribunal rejected NSE's argument that penalty should be calculated only on relevant segment turnover, holding that NSE's entire turnover should be considered as the relevant market encompasses all stock exchange segments. The 5% penalty on average turnover was maintained. However, the Tribunal deleted CCI's direction requiring NSE to maintain segment-wise accounts, finding it unnecessary given the broad relevant market definition. The appeal was dismissed with no merits found. Case-Laws Law of Competition Tue, 05 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457225