#Competition Act 2002

The CCI found the Trustees’ Association of India and four debenture-trustee firms colluded to fix trusteeship fees for NCDs, breaching Section 3 of the Competition Act. It ordered a cease-and-desist and penalties, warning that fee-setting in the debt-securities market is subject to competition law. NCD issuers and investors are directly affected.

The Competition Commission of India closed Case No. 30 of 2025 after finding no prima facie violation of Sections 3(4) or 4 of the Competition Act in Jindal Stainless' nickel supply arrangements. The ruling clarifies standards for exclusive dealing and market foreclosure under the Act, impacting cross-border supply chain disputes.

The Competition Commission of India closed Case No. 27 of 2025 after finding no contravention of Sections 3 or 4 of the Competition Act, 2002 in DIAL's award of security contracts to RAXA. The ruling clarifies that related-party transactions must still meet arms-length standards to avoid dominance abuse allegations.

CCI ruled that mere parallel bidding or market dominance does not establish a prima facie cartel under Section 3(3)(d) without concrete evidence of collusion between bidders. The decision clarifies that public procurement allegations require proof of concerted action, not just suspicion of unfair pricing.