Compat notice to CCI in cement cartel case

The Competition Appellate Tribunal (Compat) on Thursday served notices to the Competition Commission and the Builders Association of India

Written by Press Trust Of India | New Delhi | Published:September 14, 2012 12:38 am

The Competition Appellate Tribunal (Compat) on Thursday served notices to the Competition Commission and the Builders Association of India,on whose complaint the fair trade regulator had imposed a penalty of Rs 6,307 crore on 11 cement firms on charges of cartelisation.

Hearing an appeal by cement companies,including UltraTech and ACC,the tribunal also asked the CCI not to take any coercive action in the matter till October 11,when the tribunal would next hear the case. Cement firms have petitioned the tribunal to quash the CCI order.

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