Financial Software and Systems Private Limited Informant And
COMPETITION COMMISSION OF INDIA Case No. 52 of 2013 In Re: Financial Software and Systems Private Limited Informant And M/s ACI Worldwide Solutions Private Limited Opposite Party No. 1 M/s ACI Worldwide Incorporated, Florida, USA Opposite Party No. 2 M/s ACI Worldwide (Asia) Pvt. Limited, Singapore Opposite Party No. 3 CORAM Mr. Ashok Chawla Chairperson Mr. S. L. Bunker Member Mr. Sudhir Mital Member Mr. Augustine Peter Member Mr. U. C. Nahta Member C. No. 52 of 2013 Page 1 of 80 Appearances: For the Informant: Shri Ramji Srinivasan, Sr. Advocate Shri G.R. Bhatia, Advocate Shri Vardhan Tulsian, Advocate Ms. Deeksha Manchanda, Advocate Ms. Jahnavi Mitra, Advocate For the Opposite Parties: Shri Amitabh Kumar, Advocate Shri Gautam Shahi, Advocate Ms. Lagna Panda, Advocate Ms. Ela Bali, Advocate Final Order 1. M/s Financial Software and Systems Private Limited (hereinafter, the ‘Informant’/‘FSS’) has filed the information in the instant case, under section 19(1)(a) of the Competition Act, 2002 (hereinafter, the ‘Act’) against M/s ACI Worldwide Solutions Private Limited (hereinafter, the ‘Opposite Party No. 1’), M/s ACI Worldwide Incorporated, Florida, USA (hereinafter, the ‘Opposite Party No. 2’) and M/s ACI Worldwide (Asia) Pvt. Limited, Singapore (hereinafter, the ‘Opposite Party No. 3’) [collectively hereinafter, the ‘Opposite Parties’/‘ACI’], inter alia, alleging contravention of provisions of sections 3 and 4 of the Act in the matter. 2. Facts, in Brief 2.1 The Informant is stated to be a private limited company incorporated under the Companies Act, 1956 and operating in the areas of electronic payment, financial transaction processing solutions and services.
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