section 48C
Revocation of the settlement or commitment order and penalty
The Competition Act, 2002Corporate200282 sections9 chapters
Chapter VI PENALTIES
Statutory text
If an applicant fails to comply with the order passed under section 48A or section 48B or it comes to the notice of the Commission that the applicant has not made full and true disclosure or there has been a material change in the facts, the order passed under section 48A or section 48B, as the case may be, shall stand revoked and withdrawn and such enterprise shall be liable to pay legal costs incurred by the Commission which may extend to Rs. 1,00,00,000 and the Commission may restore or initiate the inquiry in respect of which the order under section 48A or section 48B was passed.
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