Competition panel told to give full details in cement cartel order

Our Bureau Updated - March 12, 2018 at 02:00 PM.

The tribunal said the matter would be listed for further hearing within seven weeks from today, taking into account the fresh details from the CCI and the cement companies.

The Competition Appellate Tribunal (COMPAT) has asked the fair trade regulator Competition Commission of India (CCI) to provide cement companies penalised for cartelisation with fresh copies of its order.

In June, CCI had penalised 11 cement firms an aggregate Rs 6,300 crore on charges of cartelisation. The tribunal on Thursday asked CCI to provide companies with details on production, pricing and sales.

COMPAT also asked companies penalised, including ACC, UltraTech, JP Associates and Shree Cements, to file an amended petition with the tribunal within two weeks of getting the fresh order.

The tribunal said the matter would be listed for further hearing within seven weeks from today, taking into account the fresh details from the CCI and the cement companies.

COMPAT said its earlier direction of September 13 in the matter, wherein the CCI was asked not to take any coercive action, would continue.

The tribunal had served notices on September 13 to the CCI, and the Builders Association of India.

>Bindu.menon@thehindu.co.in

Published on October 11, 2012 07:33