Compat

The CCI powers to levy fines might be limited and could impact the pending cases with the Supreme Court and the Competition Appellate Tribunal (COMPAT).

Cement case:Compat rejects Binani Cement's plea for relaxation

Compat has dismissed the appeal of Binani Cement seeking waiver of the direction to deposit with it 10 percent of the total penalty amount which was imposed by Competition Commission in a cartelisation case.

COMPAT stays CCI's penalty order against UltraTech Cement

In August, CCI had slapped over Rs 6,700 crore of penalty on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers Association (CMA) for indulging in cartelisation.

Cement makers move COMPACT against CCI's Rs 6,700 cr penalty

In August, CCI had slapped an over Rs 6,700 crore penalty on 11 cement firms including ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers Association (CMA) for indulging in cartelisation.

Cement firms to approach COMPAT against Rs 6,700 cr CCI order

Cement firms including ACC, Ambuja and India Cements today said they will move COMPAT against fair trade regulator CCI's order to impose Rs 6,700 crore penalty, while others like Ultratech and Shree Cement adopted a wait-and-watch approach.

Lafarge-Holcim deal: Compat stays asset sale

The Competition Appellate Tribunal's (Compat) decision has come on a petition filed by Dalmia Cement (Bharat) Ltd against a CCI order on the matter.

Lafarge-Holcim merger in jeopardy: COMPAT stays deal

This is seen as a victory for Dalmia Cement which had challenged the sale process.

Govt begins search for new Compat member

Compat, which hears appeals against rulings of fair trade regulator Competition Commission of India (CCI), comes under the Corporate Affairs Ministry.

Compat stays CCI ruling against Alkem Laboratories

In an order issued last December, competition commission of India (CCI) penalised Alkem Laboratories and its two officials for indulging in unfair business practices. On an appeal filed by the company, the tribunal has stayed the order

COMPAT sets aside Rs 6300 cr penalty on 11 cement companies

Corporate tax lawyer, HP Ranina, says this move by COMPAT will give the companies an opportunity to prove that they did not resort to cartelisation and the prices were independently based on the demand supply situation and other related factors.

Century Textiles posts Q1 net loss at Rs 29 crore

Century Textiles & Industries Ltd on Monday said it has posted a net loss of Rs 29.01 crore for the quarter ended June 30, 2015.

DLF Vs CCI: Realty major offers to pay Rs 100cr penalty

DLF has so far paid Rs 50 crore as penalty. The apex court will continue to hear the company‘s plea on Friday as well.

DLF falls 5%, SC asks co to submit Rs 630 cr penalty

It is a huge win for customers, the realty major will be submitting undertaking of interest of 9 percent on Rs 630 crore fine and will pay Rs 50 crore of penalty within 3 weeks, says the apex court.

M&M, Tata Motors to challenge CCI penalty

CCI slapped a total penalty of Rs 2,545 crore on 14 car makers for violating trade norms in the spare parts and after services market.

COMPAT issues notice to CCI, Jet Airways on Etihad deal

The COMPAT has also issued a notice to the Competition Commission of India (CCI) and Jet Airways seeking an explanation as to what were the grounds on which this deal was cleared.

Chance of lowering Coal India's fine slim: ELP

According to Suhail Nathani, it will be difficult for COMPAT to overturn the order in Coal India's favour and there are slim chances that its fine will be reduced.

Stocks in news: MMTC, Sun Pharma, Apollo Tyre, Samtel Color

Samtel Color | IFCI | Globus Spirits | Indraprastha Gas | Hanung Toys | Oil India | United Spirits | MMTC | Sun Pharma and Apollo Tyres are stocks, which are in the news today.

Investigations involving many realty cos still on: CCI

The investigation regarding operations of real estate companies and project delays is done by DG. We follow the practice of an arm's length relationship between the DG and Commission, because he is supposed to be the investigator and the prosecutor who presents the evidence before the Commission, says CCI Chairman, Ashok Chawla.

Setback for cement cos as COMPAT lifts stay on CCI fine

The Rs 6300 crore fine imposed by the Competition Commission of India has been approved by the Competition Apellate Tribunal. Cement companies will now have to pay the fine within a month.

COMPAT fine won't impact cement cos: Experts

It is little unclear whether companies will be re-imbured Rs 630 crore which they will deposit with the appellate authority.

COMPAT directs cement cos to pay 10% of Rs 6,307cr penalty

The penalty was imposed on the companies by fair trade regulator CCI for forming cartel in the sector.

Gulf Oil Corp up 2.4% after COMPAT reduces penalty amount

Gulf Oil Corporation gained more than two percent on Monday after Competition Appellate Tribunal (COMPAT) reduced penalty amount to 10 percent of Rs 29 crore imposed by Competition Commission of India (CCI).

Prime Property: Guide to key rentals for big cities

With the Indian economy slowing to its lowest growth rate in a decade India‘s consumption story is in question, but at 5 percent plus we are still one of the fastest growing markets in the world and an attractive investment destination for global retailers.

COMPAT adjourns hearing on cement cos plea against CCI

The Competition Appellate Tribunal today adjourned hearing on the plea of 11 cement companies seeking stay on Rs 6,307 crore penalty imposed by fair trade regulator CCI on the grounds of cartelisation.

CCI rejects plea for sanctions against DLF's new project

Competition Commission of India (CCI) has dismissed an appeal seeking anti-dominance sanctions against a new project of realty major DLF, saying it will not entertain any such plea merely on the basis of penalties imposed on the company's Belaire housing project.