What constitutes a market? Back to basics for CCI as its orders go awry

This year, the CCI has passed a string of orders ranging from suspected cartels formed by aviation companies to corner fuel to anti-competitive behaviour by a chess federation

In a first of sorts for India’s regulators, the Competition Commission of India (CCI) has begun to reopen some of its past orders and has hired 24 reputed institutions to conduct surveys to help it understand what constitutes a market. 

The introspection has been spurred by more than one embarrassing court verdict staying its orders. The latest order is from the Delhi Bench of the National Company Law Appellate Tribunal (NCLAT). The NCLAT told the CCI it had made a mistake in penalising Hyundai Motor India a sum of Rs 870 million for alleged “anti-competitive practices” under Section 3 and Section