date:Sep 20, 2018
ormant (India Glycols Ltd), however, alleged that ISMA and EMAI persuaded the OMCs to come out with a joint tender for the purpose of procuring ethanol. The said joint tendering by OMCs was alleged to be an agreement amongst horizontal players to procure ethanol from various suppliers in contravention of the provisions of Section 3 of the Competition Act, 2002 (the Act) which was likely to cause appreciable adverse effect on competition within India in supply and distribution of ethanol.
It was