KEY POINTS (i) The mere fact that participants to a tender have common directors/shareholders is not sufficient evidence to return a finding that the parties are engaging in bid-rigging. (ii) Commercial transactions between related parties, such as sale/purchase of goods and loan exchanges, that are duly reflected in the annual reports would not amount to any discrepancy or contravention of any provision of the Act.BRIEF FACTS CCI initiated proceedings suo motu after receiving several complaints alleging cartelization amongst three companies
The Indian Competition Authority finds upon further investigation no evidence of bid-rigging in tenders submitted to the Government Department of Printing for the services of printing, packing and dispatch of confidential documents (Chandraprabhu / Saraswati Offset Printers / United India Tradex)
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