The Indian Competition Appellate Tribunal upholds that the relevant product market determined in case of abuse of dominance must remain broader than in cases of merger (National Stock Exchange of India)

India – Competition Appellate Tribunal on determination of relevant product market* In its order passed on 5th August, 2014 the Indian Competition Appellate Tribunal upheld the decision given by the Competition Commission of India (CCI) holding the National Stock Exchange of India Ltd. (NSE) guilty of abusing its dominant position in the market for currency derivatives (“CD”) and imposing a penalty of INR 55 crore. The decision has now been appealed to the Supreme Court of India. The highlight of the case is the opinion of the Tribunal that the relevant product market determined in the case of “abuse of dominant position” shall remain broader than the relevant product market as defined in the case of “Mergers”. The principle laid down by the Tribunal has significant implications on the

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  • Eastern Book Company (Maine)

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Akansha Mehta, The Indian Competition Appellate Tribunal upholds that the relevant product market determined in case of abuse of dominance must remain broader than in cases of merger (National Stock Exchange of India), 5 August 2014, e-Competitions August 2014, Art. N° 72016

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