Price Parallelism & Cartelization – Madra HC dismisses plea relying on final order passed by CCI

MRF Limited Vs Ministry of Corporate Affairs (MCA) (Madras High Court) Facts- The main allegation is that when natural rubber price increased, the tyre prices were increased in a concerted manner by the domestic major tyre manufacturers, however, when the price of natural rubber decreased, the tyre prices were not reduced by the domestic major tyre manufacturers and as such, they indulged in price parallelism and cartelization. The appellant contended that it is common knowledge that to make a comparison, there must be a minimum of two parameters. While arriving at the price parallelism betwee...