The original MRTP Act did not contain the phrase UTP; it was introduced in 1984 through an amendment. The phrase is open to interpretation yet, though the Supreme Court bench differed on its definition, the issue has not been sent to a larger bench.
The slugfest between BCCI and rival ICL has taken a new twist, with anti-monopoly watchdog MRTPC initiating an investigation against the cricket board.
India's anti-trust body CCI, which would ultimately replace MRTPC, is an independent body responsible for investigating mergers, market shares and conditions and the regulation of firms. Section 66 of the Competition Act deals with repealing and dissolution of the MRTPC Act, 1969. With the operationalisation of CCI, MRTPC was supposed to stop entertaining new cases and was to deal with pending cases for two years before being completely dissolved.
Adidas argued that the Board of Control for Cricket in India granted Nike only sponsorship and licensing rights and to carry trademarks of the batsman only while playing for the country.
In a significant judgement, the Monopolies and Restrictive Trade Practices Commission has found DLF Universal Ltd guilty of unfair trade practices for not completing construction within the stipulated time and charging extra money from clients for co
Hyundai Motors India Ltd has sought to amend its original petition filed before the Monopolies and Restrictive Trade Practices Commission to include posters and pamphlets in the purview of its prayer.
There would be a gap in legislation to be caused by proposed winding up of MRTPC with respect to unfair trade practices. The gap can be filled in be establishing NCPA through enactment of National Consumer Protection Authority Act, the document said. The MRTPC, which has been looking into various unfair trade practices would be wound up to make way for Competition Commission, which is likely to be fully operational by the end of next year.
Fair trade practices watchdog the Monopolies and Restrictive Trade Practices Commission has allowed Sachin Tendulkar to respond to global sportswear major Nike, which accused him of violating the Commission's directions in a case involving rival Adidas over endorsement rights.
Amendments to the Competition Act 2002, and its slow passage in the Houses of Parliament delayed the introduction of an effective anti trust law.
During a hearing before the Monopolies and Restrictive Trade Practices Commission (MRTPC) last month Bharti Airtel, Vodafone Essar, Reliance Communications, Tata Teleservices, and government-run BSNL and MTNL agreed to submit the undertaking.
The commission has told SP Jain Management school to refund fees to student who later took admission in IIM-Lucknow.
The Monopolies and Restrictive Trade Practices Commission passed the direction on a complaint from a credit card customer of the bank that he was wrongfully billed for a cash withdrawal of Rs 16,000, although he had never used the card in an ATM.
India's anti-monopoly watchdog has launched a judicial probe against ABN-Amro Bank after a preliminary investigation found the lender engaging in deceptive practices in its credit cards business.
As it battles pre-IPO hiccups in a volatile market, construction major DLF was caught on the wrong side, the second time in the last three months, by Monopolies and Restrictive Trade Practices Commission who found the builder guilty of "unfair trade
Telecom major Bharti Group Chairman and Managing Director Sunil Bharti Mittal denied any attempt on forming a cartel with other telecom players to distort competition. Bharti Airtel had received a 'notice of enquiry' by anti- monopoly watchdog MRTPC. Vodafone Essar and Idea Cellular too had received such notices. It was alleged that 3 GSM operators, by colluding, have simultaneously increased the price. Mittal said that MVNOs will not work in India due to existing tariffs.
In a bid to penalise airlines that lure customers with low fares but retain the amount in case of cancellations, the country's anti-monopoly watchdog has issued notices to six carriers, including state-run Indian.
The govt is not keen to fill the vacancies as it will be replaced by the CCI. Officials say the government is not keen to fill the vacancies as the body will be replaced by the CCI. However, even after CCI is notified, the MRTPC will function for two more years to clear the cases it is hanling at present. The MRTPC is still taking fresh cases.
Parliament on Friday approved the long-awaited Competition Bill paving the way for setting up the Competition Commission of India replacing the Monopoly and Restrictive Trade Practices Commission.
MRTPC has suspected cartelisation amongst low-cost fliers over fixing of air fairs. It has called for a probe into the matter.
The Monopolies and Restrictive Trade Practices Commission has issued notices to mobile operators Bharti Airtel, Idea Cellular and Hutchison on a complaint over downloading of ring tones.
The investigative arm of MRTPC has alleged flagrant flouting of the November 2005 RBI guidelines on credit cards by commercial banks like ICICI, HSBC and Citibank.
The investigation arm of the Monopolies and Restrictive Trade Practices Commission, the country's anti-trust body, has launched a probe against 10 cellular service providers, including state-owned ones, for allegedly charging customers for Short Message Services that are not delivered.
What do you think about this takeover? Is Jet Airways set to monopolise the Indian aviation market? Do you think the tariffs will rise? What do you think? Tell us!
The director general of investigations and registration, in its 30-page report submitted to MRTPC, said that industry body CMA was instrumental in fixing prices in the sector.
There is fear amongst various lobbies with Jet Airways having taken over Air Sahara.
The requirement to seek government permission for acquisitions by companies having over 25 per cent market share may be dispensed with.
The Monopolies and Restrictive Trade Practices Commission, which is inquiring into the Rs 2,300 crore (Rs 23 billion) takeover of Air Sahara by Jet Airways, has forwarded the case to the director general (investigations and registrations
TataSky contended before the Monopolies and Restrictive Trade Practices Commission that Dish TV was indulging in deceptive advertisements as the set-top boxes being given out by Dish TV were not for free and was in violation with the MRTP Act, 1969. Admitting the petition of the TataSky, a 80:20 joint venture between Tata Sons and broadcast major Star India, the MR in two weeks.
The Monopolies and Restrictive Trade Practices Commission on Wednesday banned consumer electronics major LG Electronics from advertising its 'Mangal Hi Mangal Offer' gift scheme, saying the advertisement was "deceptive".
The MRTPC on Monday adjourned hearing on the petition by sportswear company Adidas seeking restrain on rival Nike's "misuse" of cricketer Sachin Tendulkar's images for promotions when not playing for the country.
Monopolies and Restrictive Trade Practices Commission on Thursday issued notice of enquiry against Monsanto and its fully owned Indian subsidiary Mahyco for ignoring its direction asking them to reduce the trait value of transgenic Bt cotton seeds.
Shortage of staff is preventing the Monopolies and Restrictive Trade Practices Commission from summoning over 140 B-schools to furnish details about their fee structure, faculty payments and tie-ups. The body issued notices to around 100 "defaulter" B-schools last week.
When the Monopolies and Restrictive Trade Practices Commission shot off notices to 14 cement producers on July 25 for allegedly colluding to raise prices, it was New Delhi's latest flank against the industry.
Adidas says the BCCI granted Nike only sponsorship and licensing rights and trademarks of the batsman only while playing for the country.
The notice was issued on a plea by Dinesh Kumar Mittal, director of Indore-based Amit Securities, alleging the company cheated and induced its customers to purchase its Mercedes S-Class model.
The Supreme Court on Tuesday set aside an interim order of the MRTPC directing Star, Sony and ESPN to provide the signals of their satellite channels to Siti Cable, which has switched over to HITS-based transmission from the terrestrial mode.
The Supreme Court on Wednesday reserved its judgement on petitions filed by Star, Sony and ESPN, which hold rights for content broadcast of major satellite channels.
The Monopolies and Restrictive Trade Practices Commission has slammed auto giant Tata Motors for over booking and 'embezzling' government money by retaining taxes at the time of mega-launch of its first car Indica in 1999.
The Monopolies and Restrictive Trade Practices Commission (MRTPC) had sent a letter to about half a dozen banks last month, seeking details on how they had determined the interest rate increases on their housing loans.
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