https://www.taxtmi.com/caselaws?id=275662 The Tribunal upheld the finding of a breach of the Competition Act by the appellants, confirming the jurisdiction of the Competition Commission of India (CCI) over the pre-notification acts and the evidence of collusive bidding and cartel formation. It validated the investigation of tenders from other organizations and the 2011 tender, dismissing the appellants' defenses. The Tribunal criticized the CCI's penalty calculation method, emphasizing the need for proportionality and relevant turnover, and subsequently adjusted the penalties: Rs. 15.70 lakhs for Sandhya Organic Chemicals Pvt. Ltd., Rs. 6.94 crores for United Phosphorous Ltd., and Rs. 2.91 crores for Excel Crop Care Ltd. The appeals were dismissed with these modifications. en-us Tue, 29 Oct 2013 00:00:00 +0530 Thu, 11 Oct 2018 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275662 The Tribunal upheld the finding of a breach of the Competition Act by the appellants, confirming the jurisdiction of the Competition Commission of India (CCI) over the pre-notification acts and the evidence of collusive bidding and cartel formation. It validated the investigation of tenders from other organizations and the 2011 tender, dismissing the appellants' defenses. The Tribunal criticized the CCI's penalty calculation method, emphasizing the need for proportionality and relevant turnover, and subsequently adjusted the penalties: Rs. 15.70 lakhs for Sandhya Organic Chemicals Pvt. Ltd., Rs. 6.94 crores for United Phosphorous Ltd., and Rs. 2.91 crores for Excel Crop Care Ltd. The appeals were dismissed with these modifications. Case-Laws Law of Competition Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275662