A PYMNTS Company

India: Supreme Court to hear Cement manufacturers’ pleas

By  |  October 7, 2018

The Supreme Court on Friday asked eight cement manufacturing companies to deposit 10% of the penalty amount imposed on them by the Competition Commission of India (CCI) allegedly for resorting to cartel activities for manipulating the cement prices.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A brief order passed on Friday said: “Appeals admitted. The interim orders that have been passed by the Tribunal in these cases will continue in the meantime.”

    Full Content: The Sentinel

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.