Competition tribunal serves notice to CCI

Competition tribunal serves notice to CCI
Published: 13 September 2012

Tagged Under: India Pricing Cartel 

The Competition Appellate Tribunal (has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1bn) fine issued on 11 cement producers for price fixing.

The CCI investigation into cement prices was initiated following complaints by the Builders Association of India. The CCI's US$1.1bn fine on the 11 cement producers was announced in June this year and is the largest in the authority's three-year existence.

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