CCI Penalises FPBAI for Anti-Competitive Practices

Pranav Gupta Vs Federation of Publishers and Booksellers Association in India (Competition Commission of India) The Competition Commission of India (CCI) has found the Federation of Publishers’ and Booksellers’ Association in India (FPBAI) and three of its key office-bearers guilty of engaging in anti-competitive practices. In its order against a complaint filed by Pranav Gupta, the commission ruled that the association violated the Competition Act, 2002, by fixing currency conversion rates, stipulating uniform commercial terms, and issuing advisories that stifled competition. Consequently...