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CCI issues order against Nair Coal Services Pvt. Ltd., Karam Chand Thapar & Bros (CS) Ltd. and Naresh Kumar & Co. Pvt. Ltd. for rigging bids and dividing market by forming hard core cartel in respect of tenders floated by MAHAGENCO for procuring coal liasoning services

News and Press Release - Dated:- 11-1-2018 - The Competition Commission of India (CCI) has found Nair Coal Services Pvt. Ltd., Karam Chand Thapar & Bros (CS) Ltd. and Naresh Kumar & Co. Pvt. Ltd. to be in contravention of the provisions of Se .....

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ted by Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) for award of contract of coal liasoning work for its various thermal power stations. Taking a serious view of the collusive conduct of coal liasoning agents, CCI opined that the case fell .....

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hich enables it to impose a higher penalty in case of agreements entered into by cartels. Hence, a penalty at the rate of 2 times of the total profits earned from provision of coal liasoning services to all power generators for continuance of the car .....

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