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ARTICLE · 01 OCTOBER 2024

Competition Law | August 2024 - High Courts

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On August 31, 2024, Guwahati High Court ("GHC") quashed an investigation initiated by Competition Commission of India ("CCI") against 3 (three) cement companies...

IndiaAntitrust/Competition Law
Vaibhav Choukse
Vaibhav Choukse
Ela Bali
Ela Bali
Nripi Jolly
Nripi Jolly
Faiz Siddiqui
Faiz Siddiqui
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Guwahati High Court quashes Competition Commission of India's investigation against cement companies

On August 31, 2024, Guwahati High Court ("GHC") quashed an investigation initiated by Competition Commission of India ("CCI") against 3 (three) cement companies i.e., Calcom Cement India Limited, TOPCEM India and Star Cement Limited ("Petitioner") (collectively referred to as "Cement Companies") for indulging in alleged cartelisation, in contravention of Section 3(3) of the Competition Act, 2002 (as amended) ("Competition Act"). GHC also set aside the penalty of INR 5,00,000 (Indian Rupees five lakh) imposed by CCI on the Petitioner for non-cooperation with Director General's ("DG") investigation.

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