Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

All appeals dismissed; finding of anti-competitive bid-rigging upheld under Sections 3(3)(c), 3(3)(d) read with 3(1); cease-and-desist and total-turnover penalty sustained

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The NCLAT dismissed all three appeals, upholding the Commission's finding that the appellants engaged in anti-competitive practices constituting contraventions of Sections 3(3)(c) and 3(3)(d) read with Section 3(1) of the Competition Act. The Tribunal affirmed that a cartel may be inferred on a probabilistic standard from circumstantial evidence and parties' conduct, and found the documentary record here demonstrative of bid-rigging in soil-testing tenders. The direction under Section 27(a) to cease and desist was endorsed as legally valid. The Tribunal also approved the Commission's methodology of computing penalty on total turnover given nil relevant turnover of first-time bidders, concluding there was no infirmity in the impugned order.....