Introduction The National Company Law Appellate Tribunal (NCLAT) by way of its common order dated 13 March 2020 dismissed two appeals preferred by M/s Verifone India Sales Pvt Ltd. (Appellant/ OP 1/ Verifone) against two separate orders passed by the Competition Commission of India (CCI). Information 1 M/s Atos Wordline India Pvt. Ltd. (Atos) filed an information under Section 19(1)(a) of the Competition Act, 2002 (Act) against Verifone and M/s Verifone System Inc (OP 2) alleging abuse of dominance in contravention of Section 4 of the Act (Information 1). Atos is an information technology services company operating in the areas of hi-tech transactional services and system integration and management services. Atos informed that OP 1/ Appellant is a leading supplier of Point of Sale
The Indian National Company Law Appellate Tribunal upholds the Competition Authority’s decision that a company mandating a party to sign an agreement containing unfair and restrictive clauses is tantamount to abuse of its dominance (Verifone)
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