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HC declines relief to Asahi Glass against MRTPC probe

Post Time:Nov 12,2009Classify:Company NewsView:421

The Delhi High Court today dismissed a petition by Asahi Glass and other manufacturers seeking relief against an enquiry initiated by the anti-cartel watchdog MRTPC.

A single member bench of Justice Sanjiv Khanna dismissed the petition of Asahi Glass and other glass manufacturers and directed them to cooperate with the Director General of Investigations and Registration (DGIR), which is conducting the probe.

"In case there is cartelisation by glass manufacturers, certainly the matter should be investigated. It will not be just and fair to prevent even a preliminary investigation into the allegations," the court said.

Flat glass makers, including Asahi India, Saint-Gobian India and Gujarat Guardian (formerly Modiguard), and their association AIFGMA are facing probe by DGIR, investigative unit of Monopolies and Restrictive Trade Practices, which is suspecting formation of cartel and rigging of price in India.

Source: Business-standard.com Author: shangyi

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