CCI issues order against Super Cassettes Industries Limited for abusing dominant position, imposes penalty of Rs. 2.83crores
Author(s): City Air NewsNew Delhi, October 1, 2014: The Competition Commission of India(CCI)has imposed a penalty of Rs. 2.83crores@8% of the average turnover of the last 3 financial years on Super Cassettes Industries Limited for abusing...
cityairnews
Oct 1, 2014 09:30
0
New Delhi, October 1, 2014: The Competition Commission of India(CCI)has imposed a penalty of Rs. 2.83crores@8% of the average turnover of the last 3 financial years on Super Cassettes Industries Limited for abusing dominant position. The final order was passed on 01.10.2014 on information filed by HT Media Limited.
The Commission found Super Cassettes Industries Limited to be in dominant position in the relevant market of licensing of Bollywood music to private FM radio stations for broadcast in India.
The Commission held Super Cassettes Industries Limited in contravention of the provisions of section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair conditions of Minimum Commitment Charges (MCC)upon the private FM Stations in its existing agreements.
Apart from issuing a cease and desist order, CCI directed Super Cassettes Industries Limited to modify the unfair condition of MCC imposed on private FM Stations in the agreements within 3 months.
The order of the Commission was passed in Case No. 40 of 2011and a copy thereof has been uploaded on the website of CCI at www.cci.gov.in.
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