In a major setback to Reliance Jio, a mobile-network operator promoted by India’s richest man Mukesh Ambani, its plea against alleged cartelization by three telecom operators has been rejected by the Supreme Court.
The apex court on Wednesday, December 5, rejected the Competition Commission of India’s (CCI) plea to investigate charges of cartelization by Vodafone India, Idea Cellular, and Bharti Airtel. The CCI had approached the Supreme Court to challenge an earlier judgment passed by the Bombay High Court, The Economic Times reports.
The Bombay High Court in September ruled that the CCI doesn’t have the jurisdiction to order an investigation when there is a sector-specific regulator: the Telecom Regulatory Authority of India.
Full Content: Economic Times
