To a query regarding enforcement against international cartels, the Competition Commission of India (CCI) Chairperson said that when it comes to enforcement, “we have to be very careful in terms of enforcement because each authority has its own legal framework”.
“Each authority has a different ecosystem, each country has a different ecosystem. While we look at cooperation in the field of enforcement, we cannot look at coordinated action, it has to be under the relevant statutes. So, I feel MoU empowers us enough to look at cooperation on issues, which are being faced by various countries and beyond the borders,” she said in the national capital.
Meanwhile, Kaur said the National Company Law Appellate Tribunal (NCLAT) has been very helpful in addressing the pending cases as the tribunal has a dedicated bench for competition matters.
She also said that draft norms for leniency plus provisions under the amended competition law will be put out for public consultations soon.
