Competition Commission of India (CCI) imposes penalty on Geep Industries for being a member of bilateral “ancillary” cartel* By way of order dated August 30, 2018, the CCI imposed a penalty of INR 9,64 06,682 (Nine crores sixty-four lakh six thousand six hundred and eight two) on Geep Industries (India) Private limited (‘Geep’) for being in a bilateral ancillary cartel with Panasonic (India). Panasonic was a member of a larger primary cartel. The investigation by the CCI was initiated on the basis of a lesser penalty application (‘Leniency Application’) filed by Panasonic
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The Indian Competition Authority fines seller of dry cell batteries for participating in bilateral "ancillary" cartel from the standpoint of consumers (Panasonic / Geep Industries India)
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