In its first substantive order on competition appeals, the National Company Law Appellate Tribunal (NCLAT) has modified the Competition Commission of India's (CCI) order against Karnataka State Road Transport Corporation (KSRTC).
The appellate tribunal stated that since the competition watchdog has not found any abuse of dominance, it cannot impose any modifications on KSRTC's flexi scheme.
The Competition Commission had asked the Karnataka government to take a "fresh view" on flexi rates charged on certain bus routes by the state-owned KSRTC, even as it rejected a complaint of abuse of dominance filed against the transporter.
It had said there is nothing unfair on