NCLAT refuses to overturn 6,300 crore penalty imposed by CCI on cement cartel

Aditya AK July 25 2018

The National Company Law Appellate Tribunal (NCLAT) today upheld the decision by which the Competition Commission of India (CCI) imposed a cumulative penalty of Rs. 6,300 crore on eleven companies forming part of the cement cartel.

In an order passed today, the NCLAT Bench headed by Chairperson Justice (Retd.) SJ Mukhopadhaya dismissed the appeals filed by the cement companies, which challenged the CCI order passed in August 2016.

On a complaint filed by Builders Association of India back . . .

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