CCI asked to issue fresh order of fine to cement cos

CCI asked to issue fresh order of fine to cement cos

Competition Appellate Tribunal (COMPAT) on October 11 asked the Competition Commission of India (CCI) to give fresh copies of its order levying over Rs 6,300 crore in penalties on 11 cement companies for cartelisation, providing them with complete details on production, pricing and sales. Hearing the appeals of the cement companies against the Competition Commission order of June 21, COMPAT asked it to issue fresh copy of the direction to them within a week. CCI had not disclosed various facts about matters like production, dispatches and pricing.
The companies, which include UltraTech and ACC have been asked to file their amended petitions with the tribunal within two weeks of getting the fresh order. Following that the CCI would get one week to file its reply to the COMPAT.
The tribunal said the matter would be listed for further hearing within seven weeks from October 11, taking into account the fresh details from the CCI and the cement companies.
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