Shree Ce­ment Moves HC Against Com­pat Or­der

The Economic Times - - Companies -

Shree Ce­ment has moved the Delhi High Court on Tues­day against an or­der of the Com­pe­ti­tion Ap­pel­late Tri­bunal (Com­pat) that asked the com­pany to de­posit 10% of the penalty im­posed on it by the com­pe­ti­tion watch­dog in its ce­ment carteli­sa­tion or­der. The com­pany has al­leged that the ap­pel­late tri­bunal did not have ju­ris­dic­tion to pass an in­terim or­der that re­quired it to pay the penalty. It is al­leged that in­stead of in­ves­ti­gat­ing FY06 the di­rec­tor gen­eral (DG) of in­ves­ti­ga­tion at the Com­pe­ti­tion Com­mis­sion of In­dia (CCI ) in­ves­ti­gated years 2009-2012.

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