https://www.taxtmi.com/caselaws?id=753529 The NCLAT upheld the Competition Commission's finding that companies engaged in bid-rigging and cartelisation in soil testing tenders floated by UP Agriculture Department during 2017-18. Three entities colluded to manipulate the bidding process through geographical allocation and cover bidding arrangements, contravening Sections 3(3)(c) and 3(3)(d) read with Section 3(1) of Competition Act, 2002. The NCLAT confirmed the cease-and-desist order but reduced the penalty from 5% to 3% of average annual turnover for the appellant who played a supporting role by providing cover bids. en-us Fri, 31 May 2024 00:00:00 +0530 Wed, 05 Jun 2024 08:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753529 The NCLAT upheld the Competition Commission's finding that companies engaged in bid-rigging and cartelisation in soil testing tenders floated by UP Agriculture Department during 2017-18. Three entities colluded to manipulate the bidding process through geographical allocation and cover bidding arrangements, contravening Sections 3(3)(c) and 3(3)(d) read with Section 3(1) of Competition Act, 2002. The NCLAT confirmed the cease-and-desist order but reduced the penalty from 5% to 3% of average annual turnover for the appellant who played a supporting role by providing cover bids. Case-Laws Law of Competition Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753529