Indian regulator CCI has absolved Indian Railways and its arm Indian Railway Catering and Tourism Corporation (IRCTC) of allegations of unfair market practices, reported Bloomberg.
The order came after the regulator in November 2018, ordered a detailed probe into the allegations of abuse of dominant market position against Ministry of Railways and IRCTC for charging a higher price than actual base fare on the sale of e-tickets.
The complainants — Meet Shah and Anand Ranpara, had alleged that Indian Railways and IRCTC abused their dominant position by charging a higher price than the actual base fare for the sale of e-tickets in contravention of Section 4 of the Act.
It was alleged that the two entities round off the actual base fare to the nearest higher multiple of Rs 5 to arrive at the total base fare, and the practice amounted to imposition of the unfair condition in the market for sale of rail tickets in India, particularly for online booking.
After taking into consideration the investigation report, CCI concluded that “the Commission is convinced that in the facts of the present case, no case of contravention of the provisions of Section 4 of the Act arises against OP-1 and OP-2.” OP-1 and OP-2 refer to Ministry of Railways and IRCTC respectively. Section 4 of the Competition Act pertains to abuse of dominant position.
Full Content: Bloomberg, Outlook India
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI