New Delhi: Justice Arijit Pasayat, retired Supreme Court Judge, has assumed charge as chairperson of the Competition Appellate Tribunal for a tenure of three years. Mr. Justice Pasayat retired on May 9.
Last week, the Centre notified the provisions pertaining to anti-competitive agreements (Section 3 of the Competition Act) and abuse of dominant position (Section 4) and the regulations would lay down the procedure and modalities for filing of complaints with the Competition Commission of India (CCI).
The government also notified the establishment of the tribunal which will deal with appeals against the decisions of the CCI and also adjudicate on compensation claims.
Talking to The Hindu, Mr. Justice Pasayat said that though he assumed charge last week the tribunal was yet to start functioning formally.
A significant aspect of the functions of the Tribunal was that it could even look into an agreement entered outside India if it could have an adverse effect on India.
He said: “The Commission has an investigation arm headed by its Director-General, who can enquire into a complaint suo motu or on a reference.”