https://www.taxtmi.com/caselaws?id=274312 The judgment confirms the Competition Commission of India's (CCI) findings of bid rigging and collusion under Section 3(3)(d) of the Competition Act, 2002, involving 44 companies in a tender for LPG cylinders. The CCI imposed a penalty of 7% of the average turnover over the last three years on the guilty parties. However, the judgment criticized the CCI for not justifying the uniform penalty rate and failing to consider individual circumstances. Consequently, the matter is remanded to the CCI for reconsideration of penalties, with instructions to hear the parties and decide within three months. The interim stay on penalties, requiring a 10% deposit and security for the remainder, remains effective until the CCI issues its final decision. A minority opinion found two additional companies guilty, disagreeing with their exoneration by the majority. en-us Fri, 20 Dec 2013 00:00:00 +0530 Tue, 07 Aug 2018 12:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274312 The judgment confirms the Competition Commission of India's (CCI) findings of bid rigging and collusion under Section 3(3)(d) of the Competition Act, 2002, involving 44 companies in a tender for LPG cylinders. The CCI imposed a penalty of 7% of the average turnover over the last three years on the guilty parties. However, the judgment criticized the CCI for not justifying the uniform penalty rate and failing to consider individual circumstances. Consequently, the matter is remanded to the CCI for reconsideration of penalties, with instructions to hear the parties and decide within three months. The interim stay on penalties, requiring a 10% deposit and security for the remainder, remains effective until the CCI issues its final decision. A minority opinion found two additional companies guilty, disagreeing with their exoneration by the majority. Case-Laws Law of Competition Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274312