Lawstreet Journal

SC directs Stay of Recovery proceedings by CCI against Adani Gas, orders it to pay a Sum of Rs 3.20 Crores within four weeks

Lawstreet Journal 11 Sep 2020 10:41pm

Image courtesy: Lawstreet Journal Judiciary SC directs Stay of Recovery proceedings by CCI against Adani Gas, orders it to pay a Sum of Rs 3.20 Crores within four weeks

On 9th September 2020, the Supreme Court of India granted a stay of recovery of fine levied by the Competition Commission of India for abuse of dominant position by Adani Gas Limited. The 3 Judge Bench comprising of Justice DY Chandrachud, Indu Malhotra, and KM Joseph while granting the stay of recovery imposed a penalty on Adani Gas Limited of Rs 6.40 Crores out of which half of the amount i.e. 3.20 Crores have to be submitted within four weeks of the order passed by this Court.

The next date of hearing in the matter is in March 2021. 

AGL has knocked the door of the Apex Court aggrieved by the decision of the National Company Law Tribunal dated 05.03.2020 which confirms the finding by the Competition Commission of India that AGL was “ guilty of abuse of dominant position” as AGL is supplying piped natural gas in Faridabad to the customer. The commission while inquiry under section 19 of the Competition Act, 2002 filled by Faridabad Industries Association in 2014 order that the Gas Supply Agreement of AGL is unfair and imposing a discriminatory condition to show his dominant position.  

AGL was found guilty of imposing an unfair condition on the buyer under the Gas Supply Agreement by the Commission for the violation of section 4(2)(a)(i) of the Competition Act 2002. “It was known that the AGL was the only Natural Gas Supplier in that particular area who was abusing his position by imposing an unfair condition on the Gas Supply Agreement… Continue Reading...


Tagged: Competition Commission of India  
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