TMI BlogRevocation of the Commitment OrderX X X X Extracts X X X X X X X X Extracts X X X X ..... ommitment Applicant has not made full and true disclosure during the commitment proceedings or there has been a material change in the facts, the order passed under section 48B of the Act shall stand revoked and withdrawn. Provided that before making an opinion in this regard, the Commission shall give an opportunity to the Commitment Applicant to show-cause, within a period of 15 working days fro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble in the same manner under section 39 of the Act read with the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011, as has been prescribed for recovery of penalty imposed under the Act. (4) Further, where the commitment order stands revoked and withdrawn as per sub-regulation (1) above, the Commission may also restore or initiate against the Commitment Appl ..... X X X X Extracts X X X X X X X X Extracts X X X X
|