Director Of Company Can Be Made An Accused Along With It Only If There Is Sufficient Material To Prove His Active Role And Criminal Intent: SC [Read Judgment]

The Supreme Court has held that an individual either as a Director or a Managing Director or Chairman of the company can be made an accused, along with the company, only if there is sufficient material to prove his active role coupled with the criminal intent which has direct nexus with the accused.The bench comprising Justice Abhay Manohar Sapre and Justice R. Subhash Reddy observed thus...

CCI Imposes Penalty On LPG Gas Vendors For Cartelization In Bidding Process [Read Order]

The Competition Commission of India (CCI) has imposed penalty on 51 vendors for cartelization in the bidding process in supplying LPG Gas Cylinders to HPCL. A further penalty was imposed on 48 vendors for contravention of Section 48(1) of the Competion Act, 2002. The Commission took suo motu cognizance of the case upon receiving an anonymous letter dated 25.04.2013 alleging that a cartel...

CCI Finds Jaiprakash Associates Abusing Its Dominant Position, Imposes A Penalty Of 14 Crores [Read Order]

The Competition Commission of India (CCI) has imposed a fine of Rs. 13.82 crores on Jaiprakash Associates Limited (JAL) for by abusing its dominant position in contravention to the provisions of the Competition Act. The Complaint was filed by one Naveen Kataria against JAL. The Complainant also alleged that the terms and conditions in the Provisional Allotment Letter (PAL) were...