The Indian Competition Appellate Tribunal (COMPAT) cancels fines for bid rigging against 12 ordnance factory suppliers due to lack of evidence, investigation errors by the Indian Competition Authority and clarifies that identical bids are not prima facie collusive (Narendra Explosive)

COMPAT sets-aside penalty imposed on 12 suppliers to ordnance factories for indulging in cartelization for supplying raw material that is used for manufacturing of 81 mm bomb* COMPAT by its order dated May 10, 2016 has set-aside the order of CCI where it had imposed a penalty to the tune of INR 3 Crores, on 12 suppliers for indulging in cartelization for supplying “CN containers with disc” used for manufacturing of 81 mm bomb. CCI had asked the 12 suppliers to "cease and desist" from indulging in anti-competitive practices. The Comptroller and Auditor General (CAG) in his report on Defence Sector for the year 2010-11, made an observation that there existed a cartel in the supply of CN Containers with the disc. CCI suo-moto took cognizance of that observation and ordered a detailed

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  • Vaish Associates, Advocates (New Delhi)

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Man Mohan Sharma, The Indian Competition Appellate Tribunal (COMPAT) cancels fines for bid rigging against 12 ordnance factory suppliers due to lack of evidence, investigation errors by the Indian Competition Authority and clarifies that identical bids are not prima facie collusive (Narendra Explosive), 10 May 2016, e-Competitions Bulletin May 2016, Art. N° 87718

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