Ruling in a case it took up on its own initiative, the Competition Commission of India recently imposed penalties of 10% of average annual turnover on the Bengal Chemist and Druggist Association and its office-bearers, and 7% of average annual turnover on the association’s executive committee members.
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The dispute digest is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at lbhasin@bhasinco.in or lbhasin@gmail.com. Readers should not act on the basis of this information without seeking professional legal advice.
