Negotiable Instruments Act - High Courts should issue practice directions to Magistrates to record reasons before converting trial of complaints u/s 138 of the Negotiable Instruments Act from summary trial to summons trial: SC (See 'Legal Desk') IBC - There is no collusion between Liquidator and Respondent to defeat rightful claims of ex-workers: NCLAT (See 'Legal Desk') Airlines may cut losses to Rs 10,000 cr this fiscal: CRISIL (See 'Corp Brief') Ease My Trip, Cleartrip partner with MoT to strengthen tourism (See 'Corp Brief') Limitation Act - Reflection of debt in books of accounts amounts to acknowledgment of debt u/s 18 of the Limitation Act, 1963 - SC Lager Bench (See 'Legal Desk') PMLA - Bail application can be rejected considering nature of accusations against the applicant, his conduct and non-co-operation in investigation: HC (See 'Legal Desk') IBC - CIRP is time bound process and Appellant being outsider is neither aggrieved party in process of CIRP nor has locus standi to file the appeal: NCLAT (See 'Legal Desk') Arbitration – HC can interfere with impugned award u/s 34 to the extent it is patently illegal and erroneous on face: HC (See 'Legal Desk') IBC - Right to extend date of limitation can't be availed even without Debtor's acknowledgement of one's debt: NCLAT (See 'Legal Desk') L & T appoints Anil Rander as CFO Construction arm of L&T receives multiple orders worth Rs 2,500 crore Apple makes USD 200 mn Restore Fund to reduce carbon NIXI announces 3 initiatives to boost adoption of IPv6 (See 'Corp Brief') Microsoft to promote digital agriculture in 100 Indian villages (See 'Corp Brief') Mall revenues to be lower than pre-pandemic level in FY22: CRISIL (See 'Corp Brief') Dassault Systemes Foundation to support Indian entrepreneurs (See 'Corp Brief') Companies Act, 2013 - Conditions u/s 212(6)(b) ought to be fulfilled even when fraud committed u/s 447 causes no loss to public exchequer and interest: HC (See 'Legal Desk') IBC - Appeal should be dismissed as Appellant is not serious in pursuing his remedy before NCLT: NCLAT (See 'Legal Desk') SEBI Regulations - Mere 'forwarded as received' WhatsApp message circulated on group regarding quarterly financial results of Company closely matching with vital statistics some time before the publication of same does not amount to UPSI: SAT (See 'Legal Desk') Trade Mark Act - Plaintiff is prior user and adoption of impugned mark by defendant is prima facie dishonest: HC (See 'Legal Desk') Pandemic turns into 'Kalashnikov' - A Pogrom against the Poor!

CCI holds National Conference on Economics of Competition Law

Published: Mar 05, 2021

By TIOLCORPLAWS News Service

NEW DELHI, MAR 05, 2021: THE Competition Commission of India (CCI) on Friday organised the sixth National Conference on Economics of Competition Law virtually.

The conference had two technical sessions on anti-trust toolkit for platform markets, and assessment of market power, where researchers presented their papers. The plenary session on policy design in digital markets, looked at harnessing technology for economic development.

In his keynote address, Mr NK Singh, Chairman of the 15th Finance Commission said the COVID-19 pandemic necessitated the fast-tracking of many features of economic reforms in India, which were long overdue.

"The disinvestment and privatisation programme will free valuable financial resources, creating fiscal space for the government for its priority capital expenditure both physical and social infrastructure while also generating enhanced competition," he said.

"Competitive markets and democratic governments are complementary and need to interact in a manner that maximises the larger public interest. Competition policy is critical for economic framework as markets are imperfect," he added.

While regulations are needed to overcome market imperfections and also to control unbridled competition, Mr Singh also highlighted the challenges that multiplicity of regulators may give rise to and suggested possible mechanisms and organisational forms.

He emphasised that interaction between sectoral regulator and competition authority was vital and a common platform could be created for formal and informal exchanges, training and referrals.

In the special address, Mr Ashok Kumar Gupta, Chairperson of CCI, emphasised that for markets to become an instrument of growth, it was imperative that they were well functioning, undergirded by healthy competition.

Alluding to the Commission's dynamic and economics-based approach to antitrust enforcement, he said said that economic analysis of evidence guaranteed that that anti-competitive behaviour did not outwit legal provisions.

He also announced the Journal on Competition Law and Policy that the CCI is publishing to stimulate research and scholarship on competition law and policy, the first issue of which is slated to be released soon.

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