A PYMNTS Company

India: Delhi HC restrains CCI from proceeding against Monsanto officials

By  |  September 11, 2016
India: Delhi HC restrains CCI from proceeding against Monsanto officials

In a case brought by seed giant Mahyco Monsanto Biotech a Delhi high court judge observed that the director general of the competition regulator could call upon top company officials for collecting information but could not proceed against them in the absence of an order holding the company guilty of unfair trade 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.

    Mahyco Monsanto Biotech had contended that the Competition Commission of India could not probe its top officials until the company was found in contravention of competition norms.

    “Competition Act, 2002 does not permit the director general to investigate company officials without an order holding the company guilty of unfair trade practices,” said Sandeep Sethi, counsel for Monsanto.

    To this, the Centre clarified that in the absence of an adverse order against the company, Monsanto’s officials were being investigated for the sole purpose of gathering information.

    Full Content: Live Mint

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