Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore.

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....rder against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore. <br>News and Press Release<br>Dated:- 18-4-2012<br><BR>Press Information Bureau Government of India Ministry of C....

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....orporate Affairs 18-April-2012 16:49 IST The Competition Commission of India has found three parties namely, M/s PES Installation Private Limited, M/s MDD Medical Systems Private Limited & M/s Medic....

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....al Products Services in contravention of provisions of the Competition Act for their collusive acts in supply of medical equipments to Sports Injury Centre (SIC), Safdarjung Hospital, New Delhi. The C....

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....ommission has observed that bid rigging is a measure drain on the exchequer raising the cost of procurement for the Government. Taking into account the anticompetitive acts of these parties, the Commi....

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....ssion imposed penalty@ 5% on the average turnover of 3 years aggregating to about Rs.3.01 crore on them. ****************** RC/JR<BR> News - Press release - PIB....