Latest News | CCI Proposes Fees to File Applications, Seeks Stateholders' Comments
Get latest articles and stories on Latest News at LatestLY. The CCI has proposed introduction of fees for filing miscellaneous applications in a bid to expedite case disposal by discouraging unnecessary requests and fostering a more disciplined approach to proceedings.
New Delhi, Dec 13 (PTI) The CCI has proposed introduction of fees for filing miscellaneous applications in a bid to expedite case disposal by discouraging unnecessary requests and fostering a more disciplined approach to proceedings.
The fair trade regulator has invited stakeholder comments on the proposed regulation.
The measure is aimed at streamlining the process and ensuring a more efficient resolution of cases before the commission.
"In order to monitor and tracking of interlocutory application for speedy disposal of cases, every such application is required to be registered in running number and to be accompanied with a certain fee," CCI said in its notice.
The Competition Commission of India (CCI) has invited stakeholders to submit their comments by January 1, 2024 on the draft amendment in CCI (General) Regulation 2009, the regulator said in a notice on Tuesday.
The proposed amendment will involve levying fees for applications that seek adjournments, extensions, cross-examinations, the establishment of confidentiality rings, third-party applications and impleadment applications, the CCI said.
By introducing fees for interlocutory applications, the CCI aims to discourage parties from submitting unnecessary requests, ultimately fostering a more disciplined approach to proceedings and thus contributing to the quicker resolution of competition law disputes.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)