Fair trade regulator CCI has rejected allegations of anti-competitive practices against Faiveley Transport India and Knorr Bremse India related to tender for purchase of brake disc for train coaches.
The case related to a global tender for purchase of Brake Disc for Wheel Set for LHB Design Coaches by Rail Coach Factory (RCF). A Brake Disc is required for LHB Design AC/Non-AC Coaches and Power Cars.
In a complaint filed by RCF's Chief Material Manager, it was alleged that the two firms were engaged in collusive bidding and that they are operating like a cartel by taking benefit of limited competition in the market, among others.
In an order dated September 23, Competition Commission of India (CCI) said that there was no evidence to suggest "of any collusive or concerted action on the part of the opposite parties where from even a prima facie satisfaction of contravention of...The (Competition) Act may be recorded".
Among others, the complainant had submitted that Faiveley Transport and Knorr Bremse had refused to disclose information as required for the tender.
"The Commission notes that allegation of collusive bidding on the ground that the opposite parties refused to provide the Proforma Invoices from their principals is misconceived," CCI said.
