Cement News tagged under: Competition Appellate Tribunal

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Competition Appellate Tribunal sets aside penalty on 11 cement companies

14 December 2015, Published under Cement News

The Competition Appellate Tribunal of India has set aside a US$945m penalty imposed on 11 cement firms by the Competition Commission of India (CCI) on accusations of cartel behaviour and asked the fair trade regulator to hear the matter afresh. The Tribunal also allowed the cement manufacturers to withdraw the 10 per cent penalty amount already deposited with the CCI, according to local press reports. The judgement follows appeals filed by the cement firms and their industry body, th...