Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

CCI imposes penalty of more than Eight Crores on Multi System Operators Group (Fast Way Group).

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CCI imposes penalty of more than Eight Crores on Multi System Operators Group (Fast Way Group).
News and Press Release
Dated:- 3-7-2012

Press Information Bureau Government of India Ministry of Corporate Affairs 03-July-2012 15:06 IST CCI imposes penalty of more than Eight Crores on Multi System Operators Group (Fast Way Group) The Competition Commission of India has found Fast W .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ay Group abusing its dominance in the cable TV service in the territory of Punjab and Chandigarh in violation of the provisions of the Competition Act, 2002. The order was passed pursuant to investigation carried out by the Director General upon information filed by M/s Kansan News Private Limited a broadcaster of a news and current affairs TV channel known as 'Day and Night News' and operating in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the states of Punjab, Haryana, Himachal Pradesh and Union Territory of Chandigarh. The Commission has imposed penalty on the Group entities, namely, - M/s Fast Way Transmission Pvt. Ltd. M/s Hathway Sukhamrit Cable & Datacom Pvt. Ltd. and M/s Creative Cable Network Pvt. Ltd. at the rate of 6% of their average turnover for the last three preceding financial years. The penalty so worked out amount .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s to Rs. 80,401,141 (Rs. Eight crores four lakhs one thousand one hundred forty one only). The Commission held that the Fast Way Group is having more than 85% of the total subscribers in Punjab and Chandigarh and due to this fact not only every broadcaster including the informant is dependent upon their network, the consumers of cable TV in Punjab &Chandigarh also have huge dependency on the Fast .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Way Group. They do not have any effective substitute to switch over to the other network. Abusing its market power the Fast Way Group has denied the Informant the opportunity for transmission of it channel on its network and thereby has effectively denied it access to the market. The contravening Multi Service Operators has been directed to deposit the penalty amount within 90 days. The Commissi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on has also directed that the contravening entities should 'cease and desist' from indulging in anti-competitive practices which have the effect of denial of market access as discussed in the order. The order of CCI has been passed in r/o Case No.36/2011 and a copy of the order has been uploaded on the website of CCI at www.cci.gov.in RC/JR
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates