CCI issues draft Commitment Regulations 2023 for stakeholders’ comments

The Competition Commission of India (CCI) has issued draft Commitment Regulations, 2023 (Comm. Reg.) for stakeholders’ comments on newly inserted Section 48B of the Competition Act, 2002 (Act). The draft Comm. Reg. gives liberty to an enterprise/commitment applicant against whom an inquiry, under Section 26(1) of the Act, to offer commitments to remedy the market distortion as set out by CCI in its Section 26(1) order. The Application can be filed within 45 days from the receipt of Section 26(1) Order or prior to receipt of DG report under Section 26(4) of the Act, whichever is earlier. Thereafter, the application must be decided within 90 days.