HC declines relief to Asahi Glass against MRTPC probe

Date: 12 November 2009

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.

Read the full story here.

600450 HC declines relief to Asahi Glass against MRTPC probe glassonweb.com

See more news about:

Others also read

AIS Glass Simulator lets you choose an ideal energy efficient glass solution for your architecture.
Glass has always been a popular addition to offices around the globe, often replacing walls and whiteboards in many spaces.
Asahi India Glass Ltd. (AIS), India’s leading integrated glass company, has come up with an exclusive glass solution called the AIS World of Glass- an app that lets users channel their imagination and visualize glass customizations for their home and office.
With technological processes, various varieties of glass have been produced that offer unmatchable strength, toughness and durability.
While the primary function of glass as a building material is to blur boundaries and harness natural light, its diverse implementations in buildings globally, has reiterated its immense potential in being a material that is loved by architects and designers.
The 5th glasspex INDIA and 1st glasspro INDIA 2017 are starting tomorrow.

Add new comment