The Indian Competition Appeal Tribunal sets aside cartel fines against cement companies (Cement Cartel Case)

COMPAT sets aside cartel fines against cement companies* The most significant cartel development of 2015 happened to come right at the end. On 11 December 2015, the Competition Appellate Tribunal (COMPAT) set aside an order of the CCI imposing fines amounting to approx. USD 945.4 million on 11 cement companies and their trade association for operating a cartel. The order was set aside on due process grounds and the matter was remitted back to the CCI for a fresh hearing and decision. The cement companies, amongst others, argued before the COMPAT that the CCI’s order violated the rules of natural justice and in particular, the rule that he who hears must decide as the Chairperson of the CCI who did not attend the oral hearings of

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Avinash Amarnath, The Indian Competition Appeal Tribunal sets aside cartel fines against cement companies (Cement Cartel Case), 11 December 2015, e-Competitions Bulletin December 2015, Art. N° 77717

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