On 13 October 2022, the Competition Commission of India (CCI) passed a final order and held that Edelweiss Commodities did not engage in cartelisation in the pulses market.
In 2018, the CCI had, on a suo moto basis, directed investigation against several entities in the agro-commodity supply chain for alleged cartelisation leading to increase in prices of pulses in 2015–16. The Office of the Director General (DG) conducted search and seizure operations at the premises of Edelweiss Commodities and three other market participants in March 2019.
Trilegal team advanced economic and legal arguments before the CCI, and no case of contravention was either recommended by the DG or found by the CCI against Edelweiss. This is the first instance where a party has been exonerated by the CCI after dawn raids conducting search and seizure proceedings.
The Trilegal competition team led by Nisha Kaur Uberoi, Partner & National Head – Competition Law along with Gautam Chawla, Partner; Radhika Seth, Counsel; Mathew George and Swati Sharma Senior Associates acted for Edelweiss Commodities.
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.
For more information, please contact:
Mob: +91-8928008122 | BD@trilegal.com