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The Competition Commission of India has disagreed with the Director General Nitin Gupta’s investigative report that REC Power Distribution Company Ltd (RECPDCL) is leveraging its association with the parent Rural Electrification Corporation to secure work for consultancy and financing of projects.
Shardul Amarchand Mangaldas & Co acted as the legal advisor where the CCI held that there was no evidence to suggest the company’s conduct was abusive.
“The CCI found that there was no evidence to establish that RECPDCL used any dominant position to secure work in the downstream market and that RECPDCL’s conduct did not result in any denial of market access,” a statement from the law firm stated.
“The CCI’s decision is important as it confirms globally accepted principles in assessing leveraging claims which requires that explicit conduct be established to hold an enterprise guilty,” the statement added.
The matter has now been closed according to the law firm.
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