Price parallelism in an oligopsony does not amount to a concerted practice

Published On: 12/10/2018

Practice Area: Competition Law

Authors:

Avimukt Dar
Shreya Suri
The Supreme Court of India, in its recent order, has set aside the orders passed by the Competition Commission of India and the former Competition Appellate Tribunal, which had found suppliers of LPG cylinders liable for bid rigging under the Competition Act, 2002, for rigging their bids in the tender floated by Indian Oil Corporation Limited in relation to the supply of 10.5 million LPG cylinders between 2010 and 2011. INDUSLAW’s Avimukt Dar, Shreya Suri, Parumita Pal and Milan Mittal discuss the key takeaways from this recent order.