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    <title>2026 (4) TMI 801 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI</title>
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    <description>Repeated receipt of bid-allocation, price-coordination and bid-withdrawal emails without dissociation supported an inference of tacit cartel participation, and the conduct attracted the statutory presumption of appreciable adverse effect on competition, which the appellants failed to rebut. The Tribunal also upheld individual liability of a partner under Section 48 after firm-level contravention was established, rejecting objections that the monetary consequence had to be tied to turnover or express reference to income. Procedural objections based on a tribunal vacancy, undisclosed material and denial of cross-examination were rejected because no material prejudice or mandatory entitlement was shown.</description>
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      <description>Repeated receipt of bid-allocation, price-coordination and bid-withdrawal emails without dissociation supported an inference of tacit cartel participation, and the conduct attracted the statutory presumption of appreciable adverse effect on competition, which the appellants failed to rebut. The Tribunal also upheld individual liability of a partner under Section 48 after firm-level contravention was established, rejecting objections that the monetary consequence had to be tied to turnover or express reference to income. Procedural objections based on a tribunal vacancy, undisclosed material and denial of cross-examination were rejected because no material prejudice or mandatory entitlement was shown.</description>
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