The Competition Appellate Tribunal has reportedly adjourned the hearing over Sail Authority of India (SAIL)’s plea challenging the maintainability of a petition related to supply of rails by the steel maker to Railways, to third week of January next year.
Jindal Steel and Power approached COMPAT in July against a Competition Commission of India (CCI) order, which had closed the private steel producer’s complaint on December 20, 2011, claiming that there was nothing wrong in the supply pact between the railways and SAIL. JSPL alleged that the CCI completely ignored the exclusive agreement between the Indian Railways and SAIL.
In view of this, SAIL filed a petition before COMPAT questioning the maintainability of JSPL’s petition against the CCI order. SAIL in its plea contended that the petition filed by JSPL against the order of the CCI is non-maintainable. It challenged that there was no provision of appeal against closure of such cases by the CCI in the Competition Act.
Steel Authority of India (SAIL) is India’s largest state-owned iron ore producer established in 1954. It is one the leading steel-making company in India. It has country’s second largest mines network. All plants of SAIL are ISO certified.
