House panel wants CCI to dispose cases faster
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A Parliamentary panel has pulled up the Competition Commission of India (CCI) asking it to be more prompt in taking decisions on issues of price cartelisation and rigging. The parliamentary standing committee on finance, in its report on corporate affairs ministry, said that the CCI has been taking long time in making decisions.
"... CCI has been taking unduly long time in arriving at their decisions. They are, therefore, of the view that CCI should be more prompt while deciding issues of price cartelisation and price rigging, resulting in faster disposal of cases," said the panel.
After day-long hearings on the plea of 11 cement companies seeking stay on Rs 6,307-crore penalty imposed by the CCI, the Competition Appellate Tribunal (Compat) adjourned the matter to January 29.
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