https://www.taxtmi.com/news?id=25481 The Competition Commission of India addressed cartelisation and bid rigging in supply of Protective Tubes to Indian Railways under Sections 3(1) and 3(3) of the Competition Act, 2002, initiated on a lesser penalty application under Section 46. Seven firms were found to have coordinated prices, allocated tenders, controlled supply and manipulated bidding, with e-mail exchanges and common IP addresses identified as evidence. Ten individuals were held liable under Section 48. Penalties based on average turnover were imposed with reduction for the leniency applicant, and a cease-and-desist direction was issued. en-us Thu, 09 Jun 2022 17:22:36 +0530 Thu, 09 Jun 2022 17:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25481 The Competition Commission of India addressed cartelisation and bid rigging in supply of Protective Tubes to Indian Railways under Sections 3(1) and 3(3) of the Competition Act, 2002, initiated on a lesser penalty application under Section 46. Seven firms were found to have coordinated prices, allocated tenders, controlled supply and manipulated bidding, with e-mail exchanges and common IP addresses identified as evidence. Ten individuals were held liable under Section 48. Penalties based on average turnover were imposed with reduction for the leniency applicant, and a cease-and-desist direction was issued. News - Thu, 09 Jun 2022 17:22:36 +0530 https://www.taxtmi.com/news?id=25481