Thursday, June 18, 2020

Cartel stood established when key competitors in bearing market colluded to decide price quotation

COMPETITION ACT: Where key competitors in bearings marketmet with each other to decide price revisions to be quoted to Original Equipment Manufacturers (OEMs) and compromised their independence enabling themselves to quote price revisions to OEMs different than what they would have otherwise quoted independently, 'cartel' as defined under Section 2 (c)stood established

from www.taxmann.com Latest Case Laws https://ift.tt/3djpZMJ
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