Delhi HC dismisses Monsanto plea against CCI probe of officers, directors

A detailed probe was ordered after prima-facie evidence of the group companies misusing their dominant position was found

Monsanto
Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, US. Photo: Reuters. File photo
Sanjeeb Mukherjee New Delhi
Last Updated : Oct 13 2018 | 12:40 AM IST
The Delhi High Court on Friday dismissed writ petitions filed by Monsanto and its group companies seeking to restrain the Competition Commission of India (CCI) from investigating its officers, including directors, for violation of anti-trust laws.    

In 2015 and 2016, the CCI, in a majority order, had ordered the investigation against Monsanto, Monsanto Holdings Private Limited, Maharashtra Hybrid Seeds Company, and Mahyco Monsanto Biotech (India) Limited for forcing anti-competitive agreements and abusing its dominant position in the country's Bt cotton seeds market.    

It had found prima-facie evidence of the group companies misusing their dominant position and ordered a detailed probe. The application was made to the CCI by Ministry of Agriculture and three Indian companies -- Nuziveedu Seeds, Prabhat Agri Biotech, and Pravardhan Seeds.  


In response, MMBL and others had approached the high court, seeking to restrain the CCI from conducting any investigation. In a separate writ petition, it also sought the court's permission to restrain the CCI from investigating its officers.  

This is the second bunch of petitions dismissed by the high court. The main petitions are still being heard.  

In response to the court order, a Monsanto India spokesman said, "We await orders from the court and will evaluate our next steps after we study it in detail."


Monsanto said it had completely cooperated with the CCI and the director general's office in the ongoing investigation. "We have provided information requested by the CCI, including making individuals available for deposition to enable the investigation," the company said.   

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story