Real estate developers will move the Competition Commission of India against alleged cartelisation by cement producers within two years of the CCI slapping a Rs 6,300 crore fine on 11 cement companies in June 2012, for allegedly colluding to keep prices high.C Sekhar Reddy, president of real estate grouping Credai, told reporters on Wednesday that builders have also joined hands to put pressure on cement manufacturers to immediately roll back price increases.
The information in this private circulation is not legal advice and should not be treated as such. The information is taken from public domain and is purely for private and non- commercial purposes. We do not represent that the information is correct, accurate, complete or non- misleading.
This disclaimer will be governed by and construed in accordance with laws of India, and any disputes relating to this disclaimer will be subject to the exclusive jurisdiction of the courts of the Republic of India.