1. Messrs Raja Insurance Company Limited (the Undertaking) was asked to supply the' information/ documents under section 21 of the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970 (the Ordinance) vide letter, dated September 25, 2002 but it failed to do so. The Undertaking was reminded vide letters of even number dated December 30, 2002 and February 4, 2003 but it again failed to supply the requisite information/documents. The Undertaking was therefore, served with Show-Cause Notice No.38 of 2002-2003 on March 24, 2003 but it did not respond.
2. The matter was fixed for hearing on July 25, 2003 and hearing notice was issued to the Undertaking on July 7, 2003. Neither the Undertaking nor any authorized representative appeared on behalf of it.
3. The Authority considered and concluded that the Undertaking wilfully failed to supply the requisite information/documents or to respond to the show-cause notice and also to appear before the Authority. It, therefore decided the matter ex parte and imposed a penalty of Rs.50,000 (Rupees fifty thousand only) under section 19(1)(a) of the Ordinance, on the Undertaking. The penalty shall be paid within one month from the date of order.