Price parallelism in absence of other evidence in itself is not sufficient to launch a full-fledged probe: CCI

COMPETITION ACT : Price parallelism, in absence of other evidence, in itself, may not be sufficient to launch a full fledged investigation, hence, where informant had provided information with regard to price parallelism in respect of two bidders, however, no material was brought on record by informant suggesting or indicating concert amongst them to submit such bids, conduct of bidders could not be said to be in contravention of Act and therefore information was to be closed

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