Cement companies, which were slapped a fine of Rs.6,307 crore by the Competition Commission of India (CCI), may face more problems with an old case filed against them with the erstwhile monopoly watchdog MRTPC coming up for decision soon before the CCI.
An indication to this effect was given by the CCI in its order imposing a fine of Rs. 6,307 crore on 11 cement companies for arbitrary price fixing under the Competition Act.
The CCI had said that, “decision as regards involvement of the parties in anti-competitive agreement and the period of contravention in the instant case is limited to this case only and is independent of any other information, which may be filed subsequently and also independent of decision in Case No. 52 of 2006 pending before the Commission.’’
