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Competition Commission upholds fine of 52 Crore on BCCI

Competition Commission upholds fine of 52 Crore on BCCI

BCCI, the Competition Commission of India (CCI) upheld its order of 2013 which levied a fine of Rs. 52.24 Crore and pronounced that the Indian cricket board should cease and desist from indulging in conduct that is anti-competitive in nature.

According to a clause in BCCI’s IPL media rights agreement, the BCCI had assured the broadcasters that it “shall not organise, sanction, recognise, or support during the Rights period another professional domestic Indian T20 competition that is competitive to the league.” The CCI found this to be a contravention of the provisions of Section 4(1) read with Section 4(2)(c) of the Competition Act, 2002 (Act) which relate to ‘abuse of dominant position’ and indulging ‘in practice or practices resulting in denial of market access’.

For more info read complete article in cricbuzz.

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