Asian Paints files petition in SC against CCI’s probe order

Asian Paints has filed a petition in the Supreme Court against an investigation order by the Competition Commission of India (CCI) after its appeal was dismissed by the Bombay High Court last month, according to people in the know.

- RUCHIKA CHITRAVANSHI & BHAVINI MISHRA

The CCI had ordered an investigation into the company for alleged abuse of dominant position based on a complaint by Aditya Birla Group’s Grasim Industries on July 1.

The Bombay High Court, in its order, had said it found no merit in the petition.

Rejecting Asian Paint’s petition, the division Bench of the high court had said that, “There is no merit in the petitioner's contention that he ought to have been heard in the facts.”

It said that whether or not to afford such a hearing is a matter of discretion with the CCI, guided by the facts and circumstances of each case.