https://www.taxtmi.com/highlights?id=69047 Anti-Competition Act - Cartelization - Geep Industries is very clearly in a ‘bilateral ancillary cartel’ with the Panasonic, while Panasonic is found to be member of ‘primary cartel’ in the dry cell batteries market. Thus, even though Geep is an extremely small player in the dry cell batteries market which may not be capable of influencing the market in any appreciable manner, the fact that it agrees through the PSA to follow market prices as set by Panasonic makes it clear that such behavior is anti-competitive - AT en-us Mon, 03 Apr 2023 08:28:05 +0530 Mon, 03 Apr 2023 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69047 Anti-Competition Act - Cartelization - Geep Industries is very clearly in a ‘bilateral ancillary cartel’ with the Panasonic, while Panasonic is found to be member of ‘primary cartel’ in the dry cell batteries market. Thus, even though Geep is an extremely small player in the dry cell batteries market which may not be capable of influencing the market in any appreciable manner, the fact that it agrees through the PSA to follow market prices as set by Panasonic makes it clear that such behavior is anti-competitive - AT Highlights Companies Law Mon, 03 Apr 2023 08:28:05 +0530 https://www.taxtmi.com/highlights?id=69047