Pranav Gupta And Fpbai
Case brief
What is this about?
The Competition Commission found FPBAI guilty of contravention under Section 3(3)(a) and (b) for fixing inflated exchange rates, discounts, and supply terms. The Commission held three individuals liable under Section 48 and imposed penalties on the association and individuals while ordering a cease and desist.
What did the court decide?
Cease and desist order; imposition of penalty on FPBAI and three individuals; direction to circulate order and hold awareness programs.
What the court decided
COMPETITION COMMISSION OF INDIA Case No. 38 of 2021
In re:
Pranav Gupta
Informant
B-10, Greater Kailash Part I, New Delhi – 110 048.
And
Federation of Publishers’ and Booksellers’ Association in India 84, Second Floor, Daryaganj, New Delhi – 110 002.
Opposite Party
CORAM
Ravneet Kaur Chairperson
Anil Agrawal Member Sweta Kakkad Member
Deepak Anurag Member
Issues for consideration
3 issues framed by the court
Whether fixation of inflated foreign exchange conversion rates by the Good Offices Committee (GOC) and fixations of discounts by FPBAI amounts to contravention under Section 3(3)(a) of the Act.
Whether prescription of terms of supply in GOC circulars and issuance of advisories/approved vendor lists amounts to contravention under Section 3(3)(b) of the Act.
Whether the individuals (Pradeep Arora, S.C. Sethi, Prashant Jain) are liable for the contravention under Section 48 of the Act and if penalties are to be imposed.
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Deepak Anurag
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