The CCI found that the 7 firms were actively engaged with each other to discuss the bids leading to manipulation of the Indian Railways’ bidding process for the procurement of polyacetal protective tubes
“..the modus operandi of the collusion/coordination in the form of cartel pool amongst the OPs, which includes the allocation/allotment of tenders amongst the OPs, revision of sharing pattern, induction of new members to the pool, calculation methods to arrive at the price to be quoted, discussion on rates to be quoted, complaints regarding undercutting, and communication amongst OPs to withdraw offers“, the CCI found.
Therefore, it imposed penalties on the parties at the rate of 5% of their respective average turnover generated from the sale of protective tubes for the last three preceding financial years.
Source: Barandbench
