On September 19, 2018, the National Company Law Appellate Tribunal (‘NCLAT’) issued a decision setting aside an order of the Competition Commission of India (‘CCI’) against Hyundai Motor India Limited (‘Hyundai’) (FX Enterprise Solutions India Pvt. Ltd. & St. Antony’s Cars Pvt. Ltd. v. Hyundai Motor India Limited, Case Nos. 36 & 82 of 2014).
4/3/2018 · The Competition Commission of India (hereinafter referred to as “CCI”) on June 14, 2017 delivered its maiden decision penalizing the manufacturer for monitoring the discount to be given by its dealers in the case of Fx Enterprise Solutions Pvt. Ltd. and Anr. v. Hyundai Motor India Pvt. Ltd. wherein it found Hyundai Motor India Pvt. Ltd. (hereinafter referred to as “HMIL”) guilty of anti-competitive.
The Information in Case No. 36 of 2014 was filed by Fx Enterprise Solutions India Pvt. Ltd. (‘1 st Informant’) against ‘Hyundai Motor’ alleging contravention of the provisions of Section 3 of the Act, 2002.
The National Company Law Appellate Tribunal ( NCLAT ) 1 set aside the order of the Competition Commission of India (CCI) 2 which penalized Hyundai Motors India Ltd. ( Hyundai ) with a fine of INR 870,000,000 i.e. 0.3% of its average relevant turnover for indulging in resale price maintenance and tie-in agreements.The NCLAT set aside the order mainly claiming the CCI relied upon the report of …
6. Informant-1 or FX , is a company incorporated on 11.02.1997, having its registered office at 403, Nipun Tower, Plot No. 15, Karkardooma Community Centre, Karkardooma, Delhi- 110092. FX had a Hyundai dealership for sale and service of Hyundai cars (being cars manufactured by the OP from May 2006 to May 2014). Shri Ankit Agrawal is the, Fx Enterprises v . Hyundai Motor India Limited[9] Allegations: Hyundai entered into exclusive supply agreements and refusal to deal arrangements with its distributors. Further, by prescribing maximum permissible discounts to its dealers, it was alleged that it was engaging in resale price maintenance.
A Type 2 error? NCLAT quashes CCI order punishing Hyundai for Resale Price Maintenance and Tying-in. The National Company Appellate Tribunal (“ NCLAT /Tribunal ”) , in one of its few orders passed on appeals filed before it under the Competition Act ,2002 (“the Act” ) , vide order dated 19.08.2018, has set aside the Competition Commission of India (“Commission/CCI”) Order dated 14 …
New Delhi: The NCLAT Wednesday set aside an order of fair trade regulator CCI imposing a Rs 87 crore fine on Hyundai Motor India for allegedly adopting unfair business ways with respect to …
6/15/2017 · Fx Enterprise Solutions India Pvt. Ltd. Vs . Hyundai Motor India Limited (36/2014) St. Antony’s Cars Pvt. Ltd. Vs . Hyundai Motor India Limited (82/2014) – Antitrust, Section 19 (1) (a) CCI issues order against Hyundai Motor India Limited (HMIL) for anti-competitive conduct, imposes penalty of Rs. 87 crore for the anti-competitive conduct.
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