monster

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CASE BAKGROUND

  • A complaint alleging the on-going cartelization in the cement industry was taken into notice on March 6, 2021 and the Court directed the Director General of Police of Tamil Nadu to look into it.
  • The issue had been forwarded to the DGP by the Central Bureau of Investigation who was even asked to get instructions and to file an affidavit opposing it.
  • Analogous accusations of cartelization were made to the big cement industry names wherein it was stated that an artificial scarcity was made to increase the prices.

CASE PROCCEDINGS

  • The petitioner accused Ambuja Cement and ACC Limited in this cartelization.
  • To enquire about these accusations, the petitioner had earlier made depictions to the CBI and the Police, the Court was told.
  • The Court had previously questioned the CBI to get directives and to file a counter affidavit.
  • It was emphasized that a cement bag was valued at Rs 385 in Tamil Nadu during July 2019.
  • It was sold at Rs 340 around five months prior. Nevertheless, the cost was amplified by 13.23% and cement is now sold at Rs 420-430.

RECENT SITUATIONS

  • It was noted that the State Government did not have power to regulate the price of cement as the industry is deregulated.
  • The equivalent proposal was made in a counter-affidavit filed in response to a writ petition by the CCCWA last year, in which the State's refusal to regulate cement price climbs was confronted.

What do you think about this case?

"Loved reading this piece by Tisya Mishra?
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"




Tags :

  Views  26  Report



Comments
img
Post a Suggestion for LCI Team
Post a Legal Query