Kingfisher in hot water with CCI
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The Competition Commission of India (CCI) has levied an INR1 crore ($220,000) fine on Kingfisher Airlines for not furnishing adequate data in the CCI’s investigation of the airline’s alliance with Jet Airways. A senior CCI official said; “Kingfisher Airlines has not furnished certain information that the Director General (investigations) had asked for while probing the case, so we have imposed a fine of INR1 crore on Kingfisher for non-compliance.” Kingfisher has issued a statement in response to the allegations; “Pursuant to legal advice, the company withdrew the special leave petition filed in the Supreme Court and immediately thereafter and prior to the hearing of the show-cause notice, provided all information available with it to the CCI.” In spite of this the CCI imposed said fine on the airline which is now seeking legal advice before taking further action.
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