Cartel

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..... ol prices etc.------------------------" In Webster Comprehensive Dictionary, International Edition, the meaning of the word "Cartel" is given thus: "cartel - An international combination of independent enterprises in the same branch of production, aiming at a monopolistic control of the market by means of weaking or eliminating competition. In Chambers' English Dictiona .....

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..... nce 2d Vol. 54 page 677 it is mentioned thus: "A cartel is an association by agreement of companies or sections of companies having common interests, designed to prevent extreme or unfair competition and to allocate markets, and perhaps also to exchange scientific or technical knowledge or patent rights and to standardize products, with competition regulated but not eliminated by substituti .....

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..... eanings; (1) "an agreement between hostile nations" (2) "an anticompetitive combination usu. that fixes commercial prices"; and (3) "a combination of political groups that work toward common goals." Modern usage favours sense (2)." UOI. VERSUS HINDUSTAN DEVELOPMENT CORPN. - 1993 (4) TMI 306 - SUPREME COURT
Manuals, Ready reckoner, Law and practice, Refe .....

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