The Indian Competition Appellate Tribunal (COMPAT) cancels fine for anticompetitive agreement against pharmaceutical company due to lack of evidence of said agreement (All Kerala Chemists and Druggists Association / Alkem Laboratories)

COMPAT sets aside CCI’s penalty on Alkem Laboratories for indulging in anti-competitive practices* COMPAT by its order dated May 10, 2016 has set-aside the order of CCI in so far as it had held that Alkem Laboratories Limited (Alkem) for violation of Section 3(1) of the Act and had imposed a penalty of INR 74 crores. Pursuant to the case by the Informant (Mr P K Krishnan, Proprietor, Vinayaka Pharma) the CCI passed an order directing the DG to investigate into the alleged anti-competitive practices by Alkem. It is alleged that imposing the condition of procuring No Objection Certificate (NOC) from All Kerala Chemists and Druggist Association (AKCDA) by Alkem was in contravention of the provisions of section 4 of the Act and amounts to an act

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  • Vaish Associates, Advocates (New Delhi)

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Man Mohan Sharma, The Indian Competition Appellate Tribunal (COMPAT) cancels fine for anticompetitive agreement against pharmaceutical company due to lack of evidence of said agreement (All Kerala Chemists and Druggists Association / Alkem Laboratories), 10 May 2016, e-Competitions Bulletin Mitigation of fines, Art. N° 87719

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