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Govt for repeal of MRTPC Act, to setup competition panel

15-November-2000
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Govt for repeal of MRTPC Act, to setup competition panel

With the setting up of a Competition Commission of India and abolition of MRTPC, all the cases of unfair trade practices before the commission will be transferred to the concerned consumer courts under the Consumer Protection Act, 1986.

The pending monopolies and restrictive trade practice cases before MRTPC will be taken up for adjudication by CCI from the stages they are in. The government is keen to have the competition bill introduced and passed in the forthcoming winter session of Parliament. The bill proposes stiff penalties for disobeying orders of the commission.

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