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News National Company Law Appellate Tribunal dismisses appeal by Indian cement producers against fine

National Company Law Appellate Tribunal dismisses appeal by Indian cement producers against fine

Written by Global Cement staff 25 July 2018
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India: The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by cement producers against a US$975m fine for alleged cartel-like behaviour. The Competition Commission of India penalised 11 cement companies in August 2016, according to the Press Trust of India. The companies included UltraTech Cement, ACC, Ambuja, Ramco and JK Cement and the Cement Manufacturers’ Association (CMA). UltraTech Cement has been fined US$171m, the highest amount in the group.

Last modified on 25 July 2018
Published in Global Cement News
Tagged under
  • India
  • National Company Law Appellate Tribunal
  • Fine
  • Cartel
  • Competition Commission of India
  • UltraTech Cement
  • ACC
  • Ambuja
  • JK Cement
  • Cement Manufacturers Association of India
  • GCW363

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