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Indian steel manufacturers lose appeal against antitrust watchdog's cartel investigation

By Freny Patel ( May 30, 2023, 04:07 GMT | Insight) -- Some of the steel manufacturers allegedly party to a cartel temporarily lost their challenge against the antitrust watchdog last week as the Calcutta High Court refused to delay the ongoing scrutiny by the investigation arm of the Competition Commission of India. Nine steel companies were raided by the CCI last December on the direction issued by the Madras High Court. The Calcutta High Court will hear the matter on June 28.Some of the steel manufacturers allegedly party to a cartel temporarily lost their fight against the antitrust watchdog last week, when the Calcutta High Court refused to delay the ongoing scrutiny by the investigation arm of the Competition Commission of India, or CCI....

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