Supreme Court Verdict in CCI v SAIL: Setting the Ground Rules for Commission and the Appellate Tribunal

In a recent telling judgment, the Supreme Court of India effectively and judiciously delineated the scope and manner of exercise of powers by the Competition Appellate Tribunal (hereinafter “the Tribunal”) and the Competition Commission of India under the new Competition Act of 2002. The Supreme Court was hearing an appeal filed by the Competition Commission against the Tribunal order dated February 15, 2000. The dispute, being the first before the Sup