The Competition Commission of India (CCI) dismissed allegations of cartelization against 19 importers of phenol, on account of absence of conclusive evidence to establish collusion. The CCI held that mere price parallelism does not amount to cartelisation and closed the case. Significantly, the CCI and the Director General (DG) relied upon extensive economic tools and plus factors to determine that there was absence of conclusive evidence to establish cartelization. This case arose by way of an information filed by the Indian Laminate Manufacturers Association (ILMA), whose members were involved in the manufacture of decorative laminate sheets, against 19 importers of phenol (phenol importers) alleging that they colluded to artificially increase prices from INR 60/kg to INR 115/kg, in
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The Indian Competition Authority dismisses cartel allegations against 19 importers of phenol on account of absent conclusive evidence to establish collusion (Sachin Chemicals / Deepak Phenolics / Chokshi Chem / Chemtrade Overseas / Yug...)
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