Price Parallelism alone not sufficient to conclude Bid Rigging, Supreme CourtOctober 2 2018
The Supreme Court yesterday held that price parallelism does not, by itself, amount to a concerted practice and will not be sufficient to conclude bid rigging. It may, however, provide a strong evidence of such a practice, it said.
It thus went on to set aside orders passed by the Competition Commission of India (CCI) and (then) Competition Appellate Tribunal (Compat), which had held suppliers of Liquefied Petroleum Gas (LPG) Cylinders guilty of bid rigging in violation of Section 3(3)(d) of the Competition Act . . .
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