The final order was passed on Oct.1 on information filed by HT Media Limited.
The Commission found Super Cassettes Industries Limited to be in dominant position in the relevant market of licensing of Bollywood music to private FM radio stations for broadcast in India.
The Commission held Super Cassettes Industries Limited in contravention of the provisions of section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair conditions of Minimum Commitment Charges (MCC) upon the private FM Stations in its existing agreements.
Apart from issuing a cease and desist order, CCI directed Super Cassettes Industries Limited to modify the unfair condition of MCC imposed on private FM Stations in the agreements within three months.
Related Items
India Emerged As Super Economic Power In Last 70 Years
Are Humans The New Super-computer…?
‘Super Blood Moon’ To Make Rare Appearance On Sunday