NCLAT uploads CCI order levying penalty on Cement Company for cartelization charges

Competition Act : Penalty imposed on cement companies for cartelisation charges was to be upheld as cement companies had reduced production and dispatches of cement across all sectors in a period when demand from construction sector was positive resulting in limit over supplies and production which was violative of section 3(3)(b), resulting in increase in prices by all companies, due to their co-ordinated behaviour was violative of section 3(3)(a) of Competition Act, 2002

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