Tribunal to resume hearing

Tribunal to resume hearing

The Competition Appellate Tribunal (COMPAT) was scheduled to resume its hearing from February 25 over a batch of petitions filed by cement firms, challenging a Rs 6,307-crore penalty imposed on them by fair trade regulator Competition Commission of India (CCI) on grounds of cartelisation.

Justice VS Sirpurkar headed COMPAT bench, began hearing the petitions of the cement companies on a daily basis last week and the hearings are expected to continue on a fast-track basis this week. The petitions relate to appeal against a penalty of Rs 6,307 crore imposed by the Competition Commission of India (CCI) on 11 cement makers, as also a fine of Rs 73 lakh on the cement industry body CMA.

The cement companies charged with cartelisation and a fine of Rs 6000 crores.

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