Setback for UltraTech in cement cartel case
On Tuesday, a division bench of the Delhi High Court dismissed UltraTech Cement's appeal seeking to prevent the Builders Association of India (BAI) from being included as a party in a cartelization and price manipulation case involving grey cement manufacturers, before the antitrust regulator. The court upheld the single judge's order directing the inclusion of BAI before the Competition Commission of India (CCI) in the case.
However, the bench emphasized that the impleadment of BAI does not constitute a determination of any right either of UltraTech or of BAI, and is merely to assist the Commission in arriving at a correct conclusion regarding allegations of anti-competitive practices. The court stated that such impleadment serves the public interest by allowing relevant parties to participate in the Commission's proceedings and provide their perspectives.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
