The Indian Competition Authority closes investigation against an alleged phenol importers cartel after not finding evidence with 12 out of 19 parties which account for 95% of the market (Deepak Phenolics / Chemtrade Overseas / Shubham Chemicals & Solvents)

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Indian Competition Authority, Deepak Phenolics / Chemtrade Overseas / Shubham Chemicals & Solvents, Case No. 61 of 2016, Decision, 8 October 2020

Key points To conduct an investigation in a time bound manner, out of the 19 phenol importers, the DG investigated 12 that accounted for 95% of the total sales volume of phenol.In the absence of any evidence indicating an agreement or meeting of minds amongst the phenol importers, a mere price parallelism does not indicate collusion.Brief facts An information was filed before CCI under Section 19(1)(a) the Act, alleging that 19 phenol importers had formed a cartel to artificially hike the price of phenol by about 90% between January – March

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Charanya Lakshmikumaran, Badri Narayanan, Neelambera Sandeepan, Aditya Bhattacharya, Rishabh Chopra, The Indian Competition Authority closes investigation against an alleged phenol importers cartel after not finding evidence with 12 out of 19 parties which account for 95% of the market (Deepak Phenolics / Chemtrade Overseas / Shubham Chemicals & Solvents), 8 October 2020, e-Competitions Burden of proof, Art. N° 103024

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