https://www.taxtmi.com/caselaws?id=169345 The SC examined allegations of cartel formation by railway bogie manufacturers who offered lower prices of Rs. 67,000. The court held that mere offer of lower price without specific agreement or concerted action does not establish cartel formation. While authorities' suspicion was reasonable and bonafide based on circumstances, insufficient material existed to conclude actual cartel formation. The court emphasized that tender committees are recommendatory bodies, and approving authorities can make pricing and quantity decisions considering public interest. Railway tender rules allow acceptance of whole or partial tenders, negating legitimate expectation claims regarding fixed procedures for price fixation and quantity allocation. en-us Thu, 15 Apr 1993 00:00:00 +0530 Mon, 07 Jul 2025 18:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169345 The SC examined allegations of cartel formation by railway bogie manufacturers who offered lower prices of Rs. 67,000. The court held that mere offer of lower price without specific agreement or concerted action does not establish cartel formation. While authorities' suspicion was reasonable and bonafide based on circumstances, insufficient material existed to conclude actual cartel formation. The court emphasized that tender committees are recommendatory bodies, and approving authorities can make pricing and quantity decisions considering public interest. Railway tender rules allow acceptance of whole or partial tenders, negating legitimate expectation claims regarding fixed procedures for price fixation and quantity allocation. Case-Laws Law of Competition Thu, 15 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169345