"We're pleased that the conclusion of the Federal Trade Commission's two year review was that Google's services are good for users and good for competition," he said in an e-mailed statement.

While Google has settled anti-trust cases in the U.S. and European Union, Indian competition regime does not have provisions for settlement process. Besides a complaint filed with CCI cannot be withdrawn.

Finding prima facie evidence of violations, CCI had referred the matter to its investigation arm -Director General (DG)- for a detailed probe.

Sources said that the DG has also collected comments from third-parties with regard to this case and it is likely to soon submit its report to CCI.

The Director General could not be contacted for comments. Apart from penalty, CCI is empowered to pass orders to correct a company's conduct in the market place. Also, the regulator can go for structural remedies that could see breaking up of dominant enterprises into separate businesses.

The complaint against Google, also one of the world's most valued company, was first filed by advocacy group CUTS International way back in late 2011. Later matrimonial website matrimony.com also filed a complaint.

Referring to Google's settlement with the European Commission, matrimony.com counsel Ferida Satarawala said, "Google's unfair use of trademarks as well as its retaliatory conduct are not specifically addressed in the European settlement and are distinct theories of harm being pursued by the CCI. Therefore, this settlement is unlikely to address CCI's concerns in our case".