Mere spreading of false rumors or misinformation did not constitute cartelization.: CCI

Uday B. Bhatt Vs Sarfarazbhai Rafique Bhai Ravani (Competition Commission of India) In the case of Uday B. Bhatt Vs Sarfarazbhai Rafique Bhai Ravani before the Competition Commission of India (CCI), the Informant, representing the Ship Recycling Industries Association (SRIA), alleged violations of Sections 3 and 4 of the Competition Act, 2002 by several individuals acting as intermediaries in the scrap material market. The Informant claimed that these intermediaries were spreading false rumors through WhatsApp groups, manipulating prices, and potentially abusing their dominant position in the ...