India’s COMPAT hears petitions on cartel ruling

India’s COMPAT hears petitions on cartel ruling
Published: 25 February 2013

Tagged Under: India Cartel Pricing 

India’s Competition Appellate Tribunal (COMPAT) has begun hearing the petitions filed by cement firms on a US$1.1bn penalty imposed on them by the Competition Commission of India on grounds of cartel practices.

The Competition Commission of India (CCI) imposed a collective fine of more than INR60bn It accused them of "limiting" supplies and controlling prices through an "anti-competitive agreement". However, some of the firms denied the allegations and are challenging the fine.

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