Allowing an appeal in Lafarge India Limited v Competition Commission of India & Builders Association of India on procedural grounds, the Competition Appellate Tribunal (COMPAT) set aside a ₹61 billion (US$895 million) fine imposed on 11 cement firms by the Competition Commission of India (CCI).
The ruling followed appeals filed by nine cement manufacturers and the Cement Manufacturers’ Association against two CCI orders passed in June and July 2012. The chairman of the CCI had initialled all the pages of both orders and the signatures of the chairman and six members of the CCI appeared on the last page of both orders without any date.
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