A PYMNTS Company

India: Competition Commission orders fresh probe against Monsanto

By  |  October 4, 2016

In mounting woes for Monsanto, Competition Commission has ordered another detailed probe against the genetically-modified seed major for alleged unfair business practices.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    This is the third time this year that CCI is ordering a probe against the company and the latest one is based on a complaint filed by Hyderabad-based Amar Biotech pertaining to Sub-Licensing Agreement (SLA).

    The latest complaint was filed against Mahyco Monsanto Biotech (India) Ltd, Monsanto Holdings Pvt Ltd, Monsanto Company and Maharashtra Hybrid Seeds Company Ltd.

    Ordering the probe, Competition Commission of India (CCI) said that in the present case, “the SLA was not extended/ renewed by Opposite Party 1 (Mahyco Monsanto Biotech) after efflux of time”.

    Full Content: Financial Express

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.