What are the key responsibilities of your role?
I generally advise on all legal and commercial matters of
the company including litigation or mitigation measures.
What many lawyers work in-house at JSW Steel?
We have 15 lawyers working in-house at JSW Steel.
To what extent do you outsource legal work and to which law
We outsource for litigation more than for non-litigation,
but we are limited to requirements as we believe in developing
What are the major competition issues that your company
We have had some enquiries about alleged price-fixing. A
complaint was received by the Competition Commission of India
(CCI) stating that various steel companies were indulging in
cartelisation. The Director General (DG) investigated and found
that there was price parallelism, but cartelisation was not
established in the subsequent DG report. After hearing the
parties, the judicial member closed the file while the majority
of the remaining six members directed the DG to carry out
further investigations and submit its report.
How robust is the merger control regulation that took
effect in June 2011?
It was a great development and it is an area that is rapidly
changing to accommodate the needs of time.
How successful have corporations in India been in embracing
a competition law mindset?
Indian corporates have not been very successful. It will
take some more time for them to fully understand the subject
and its effects. Indian corporates have not yet come out of
their mindset of not so stringent monopolistic and restrictive
acts, in which the maximum punishment is a cease and desist
order. Therefore, the seriousness of competition law, its
extra-territorial jurisdiction, and the compliance programme
required to tune organisations is not yet there in most Indian
corporates. They are required to improve on this. Our
Competition Act, being based on the EU model, works on equity
principles of the common law system when tested before the
court. Therefore, jurisprudence is required to be developed and
this will emerge with the passage of time. The CCI follows very
strict rules, sometimes overlooking justice, while the courts
follow equity and justice. To that extent, there is a
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