Fair trade regulator CCI has dismissed a complaint against <a href="https://www.mid-day.com/business/business-news/article/jio-platforms-ipo-key-hurdle-cleared-as-board-approves-drhp-for-27-crore-share-issue-in-ipo-23635923" target="_blank" rel="none noopener">Reliance Jio </a>Infocomm Ltd, saying the allegations of anti-competitive conduct were generic, speculative and unsupported by evidence.
The <a href="https://www.mid-day.com/entertainment/bollywood-news/article/cci-rejects-ajay-devgn-s-plea-against-yash-raj-films-187973" target="_blank" rel="none noopener">Competition Commission of India (CCI)</a> in an order passed on Thursday said it has also dismissed similar allegations against over 4,500 firms across multiple sectors.
The complainant had alleged violations of Sections 3 and 4 of the Competition Act by enterprises operating in sectors, including telecom, logistics, government e-marketplace (GeM) procurement, energy, <a href="https://www.mid-day.com/business/business-news/article/stock-market-update-fmcg-major-emami-posts-lower-q4-profit-at-rs-143-17-crore-23631657" target="_blank" rel="none noopener">FMCG</a>, and healthcare. Sections 3 and 4 pertain to anti-competitive agreements and abuse of dominant position, respectively.
The complainant alleged that these enterprises have engaged in coordinated conduct, including price alignment, exclusionary practices, and restricting free and fair competition in the areas of freight movement, and supply-chain logistics.
It sought a detailed investigation by the Director General (DG).
However, the competition watchdog said the complainant failed to identify the specific role of the opposite parties (OPs) or provide material to substantiate the allegations.
The CCI observed that no documentary evidence, such as freight quotations, invoices, bid documents or correspondence, had been furnished to support claims of collusion or coordinated conduct.
In case of telecom sector, the regulator said mere similarity in prepaid tariff plans, validity periods or recharge denominations in an oligopolistic market cannot by itself indicate an anti-competitive agreement.
On the allegations relating to GeM procurement, CCI said the complainant neither identified the enterprises allegedly involved in bid-rigging arrangement nor furnished any material indicating coordination, exchange of information, and bid rotation.
Holding that the allegations lacked foundational facts and could not justify a "roving and fishing inquiry", the watchdog said no prima facie case of contravention of Sections 3 and 4 of the Act is made out against the OPs (Reliance Jio Infocomm Ltd &amp; others).
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

The Competition Commission of India (CCI) has rejected similar allegations against over 4,500 firms across multiple sectors

Competition Commission of India dismisses complaint against Reliance Jio

Reliance promoter group hikes stake to 50.48 per cent via share purchases of Rs 8,500-9,000 crore 

The Competition Commission of India (CCI) in an order passed on Thursday said it has also dismissed similar allegations against over 4,500 firms across multiple sectors


CCI rejects complaint against Reliance Jio; allegations of anti-competitive conduct unsubtantiated

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Home / Business / Business News / Article / CCI rejects complaint against Reliance Jio; allegations of anti-competitive conduct unsubtantiated