https://www.taxtmi.com/caselaws?id=760237 The NCLAT upheld CCI's penalty of 1% of average turnover for bid rigging and cartelisation in a tender process. The appellant challenged penalty proportionality citing Excel Crop Care Ltd. vs CCI, arguing for segmental turnover consideration. The NCLAT rejected this, noting signages constitute varieties of same product, not multiple products. CCI's lenient approach was acknowledged, imposing only 1% penalty instead of maximum 10% under Section 27, considering most parties were MSMEs. The tribunal found the penalty proportionate and well-considered, dismissing the appeal as meritless. en-us Wed, 16 Oct 2024 00:00:00 +0530 Thu, 17 Oct 2024 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760237 The NCLAT upheld CCI's penalty of 1% of average turnover for bid rigging and cartelisation in a tender process. The appellant challenged penalty proportionality citing Excel Crop Care Ltd. vs CCI, arguing for segmental turnover consideration. The NCLAT rejected this, noting signages constitute varieties of same product, not multiple products. CCI's lenient approach was acknowledged, imposing only 1% penalty instead of maximum 10% under Section 27, considering most parties were MSMEs. The tribunal found the penalty proportionate and well-considered, dismissing the appeal as meritless. Case-Laws Law of Competition Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760237