Cartel Case

In a joint raid, NCB and Delhi Police uncovered a meth lab in Greater Noida, seizing 95 kg of methamphetamine; arrested suspects include a Tihar warden and a Mumbai-based chemist

The Competition Commission of India (CCI), which replaced MRTP to usher in competitive and fair business practices in the country, has an assertive agenda against cartels, its chairperson Sangeeta Verma said on Friday. She said that cartels are bad and a cartelised market does not allow honest business. "The CCI has an assertive agenda against cartels. Cartels are bad for business and do not allow conduct of honest trade", Verma said at an event organised by MCCI here. Verma said the competition law will continue to create necessary safeguards and its enforcement may be supplemented by a suitable legislative framework. According to her, the CCI so far has received 1200 cases regarding abuse of dominance across sectors like airlines, infrastructure, automobiles, real estate and digital space. The commission had already imposed a penalty on Google for allegedly abusing its dominant position in the Android ecosystem. Verma said that the CCI is closely watching the digital space, add

The Competition Commission of India (CCI) has dismissed a case of alleged cartelisation by Romsons Scientific & Surgical Industrial Pvt Ltd and BSN Medical Pvt Ltd and some of their officials. The regulator had directed the director general (DG) to carry out an investigation after the matter originated from a complaint alleging cartelisation by the firms in respect of a tender invited by AIIMS in 2016. The DG after taking into consideration the submissions of the parties, concluded that different parties, at different geographical locations with different cost of production and profit margins quoting identical rates, independently, would be too much of coincidence, which is difficult to believe. Accordingly, the DG concluded that the firms colluded and acted in contravention of provisions of the Competition Act. However, the CCI said that there is no evidence of any communications or meetings having taken place between the opposite parties (OPs) or any other arrangement indicating

The banks have denied wrongdoing