Khaitan & Co successfully advised Indian Jute Mills Association (IJMA) in relation to a Competition Commission of India (CCI) decision wherein the CCI had imposed a penalty amounting to INR 7.68 lakhs upon IJMA, for allegedly cartelizing with the Gunny Traders Association to fix prices and control the production of jute bags.
We filed an appeal against the CCI’s Order, on behalf of IJMA and its certain office bearers, before the Competition Appellate Tribunal (COMPAT) on a number of grounds on merits. Based on our arguments, the COMPAT issued a decision allowing the appeals of IJMA and setting aside the CCI’s order.
Manas Kumar Chaudhuri, Partner; Sagardeep Rathi, Principal Associate; Pranjal Prateek, Senior Associate and Nikita Agarwal, Associate represented IJMA and its certain office bearers before the CCI and COMPATd
The post Khaitan advises IJMA on competition penalty appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.