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Recoverty of Penalties Imposed by CCI

The Competition Commission of India (CCI) has imposed penalty on 322 entities as follows: –

Year Number of entities on which the penalty has been imposed Total amount (Rs.)
2011 38 6,87,28,40,613
2012 95 72,76,86,21,528
2013 20 18,34,28,35,225
2014 (as on 31.10.2014)
 
169 26,75,26,39,556
Total 322 1,24,73,69,36,922

 
The Commission has made the CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 regulating the manner in which penalties imposed by it shall be recovered.
 
The Competition Appellate Tribunal/Courts have dismissed/stayed the recovery of a sum of Rs.1,21,78,01,01,298/- as penalty and a sum of Rs.2,16,52,33,351/- is not yet due/not been paid as penalty so far. CCI is taking action as per law for recovery of penalties.
 
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.
 

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