Competition panel imposes Rs2.83 crore penalty on Super Cassettes Industries
The panel found the company to be in dominant position in the relevant market of licensing of Bollywood music to private FM radio stations for broadcast in India
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New Delhi: The Competition Commission of India (CCI) on Wednesday said that it has imposed a penalty of Rs2.83 crore on Super Cassettes Industries Ltd for abusing its dominant position.
The final order was passed on information filed by HT Media Ltd, the CCI said.
“The Commission found Super Cassettes Industries Ltd to be in dominant position in the relevant market of licensing of Bollywood music to private FM radio stations for broadcast in India," the CCI said in its release.
“The Commission held Super Cassettes Industries Ltd 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," the release further said.
“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," the release added.
HT Media Ltd, the publisher of Mint, also owns FM radio station Fever 104.
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