Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore.

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..... Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore.
News and Press Release
Dated:- 18-4-2012

Press Information Bureau Government of India Ministry of .....

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..... Corporate Affairs 18-April-2012 16:49 IST The Competition Commission of India has found three parties namely, M/s PES Installation Private Limited, M/s MDD Medical Systems Private Limited & M/s Medi .....

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..... cal Products Services in contravention of provisions of the Competition Act for their collusive acts in supply of medical equipments to Sports Injury Centre (SIC), Safdarjung Hospital, New Delhi. The .....

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..... Commission has observed that bid rigging is a measure drain on the exchequer raising the cost of procurement for the Government. Taking into account the anticompetitive acts of these parties, the Comm .....

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..... ission imposed penalty@ 5% on the average turnover of 3 years aggregating to about Rs.3.01 crore on them. ****************** RC/JR
News - Press release - PIB .....

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