Competition Commission of India imposes penalty on SAAR IT Resources Private Limited and others https://www.taxtmi.com/news?id=21855 The Commission found SAAR IT Resources, CADD Systems and Pentacle Consultants guilty of bid rigging and collusive bidding in a 2015 public tender through proxy/cover bids, constituting an anti-competitive arrangement under Section 3(3)(d) read with Section 3(1) of the Competition Act. The Commission directed the firms to cease the conduct and imposed turnover-linked monetary penalties on the companies and certain directors, reinforcing enforcement against collusion in public procurement. en-us Tue, 06 Aug 2019 10:37:41 +0530 Tue, 06 Aug 2019 10:37:41 +0530 TaxTMI RSS Generator Competition Commission of India imposes penalty on SAAR IT Resources Private Limited and others https://www.taxtmi.com/news?id=21855 The Commission found SAAR IT Resources, CADD Systems and Pentacle Consultants guilty of bid rigging and collusive bidding in a 2015 public tender through proxy/cover bids, constituting an anti-competitive arrangement under Section 3(3)(d) read with Section 3(1) of the Competition Act. The Commission directed the firms to cease the conduct and imposed turnover-linked monetary penalties on the companies and certain directors, reinforcing enforcement against collusion in public procurement. News - Tue, 06 Aug 2019 10:37:41 +0530 https://www.taxtmi.com/news?id=21855