Friday, July 20, 2018

Termination of charter hire agreement by ONGC to get reduction in hiring rate was anti-competitive

Competition Act: Where ONGC controled more than 80 per cent of relevant market, i.e., market for charter hire of Offshore Supply Vessels (OSVs) in Indian Exclusive Economic Zone (EEZ), termination of charter hire agreement executed by it with members of informant-shipowners' association for providing OSV services to it with an intention to get reduction in hiring rate, was prima facie abusive

from www.taxmann.com Latest Case Laws https://ift.tt/2msPRNQ
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