A PYMNTS Company

India: Tribunal backs Commission’s decision to clear tire cos of cartel charges

By  |  April 29, 2013

The Competition Tribunal has announced the denial of an appeal by the All India Tyre Dealer Federation of a Competition Commission of India decision, clearing tire companies of fall charges concerning the formation of a cartel. The tire group appealed the decision, claiming the CCI did not order the charges under certain sections of the Competition Act, 2002. The ruling by the CCI was made last October, and determined that five tire manufacturers and their associations are cleared of charges. According to reports, the CCI initially filed the order incorrectly under Section 27, but the order was later rectified.

    Get the Full Story

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

    Subscribe 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.

    Full Content: Hindu Business Line

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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