Ceylon Oxygen Co. Ltd. v. Fair Trading Commission and Another – sllr 1997 volume 2 page 372

The case between Ceylon Oxygen Co. Ltd. and the Fair Trading Commission considered the jurisdiction and procedural propriety of the FTC in investigating alleged anti-competitive conduct, including predatory pricing, discriminatory pricing, and exclusive supply agreements under the Fair Trading Commission Act. It was held that the FTC erroneously extended its inquiry beyond the statutorily permitted scope, and its decision to nullify customer agreements without hearing all affected parties violated principles of natural justice. The holding underscored the requirement for regulatory bodies to act strictly within statutory boundaries and uphold procedural fairness when exercising quasi-judicial functions, relying on statutory interpretation of section 11 of the Fair Trading Commission Act. T