Where informant, Senior Executive Secretary of company engaged in ship recycling activities alleged violation of section 3 on ground that OPs were acting as intermediaries in market and trying to manipulate buyebuyers rs and current pricing system by spreading rumors and false rates through Whats App groups, causing adverse effect on sellers and customers, however, having considered evidences submitted by informant, it was not getting established that spreading false rumors was a result of cartelisation or were resulting into cartelisation, there exists no prima facie case and Information filed was directed to be closed forthwith under Section 26(2) – Uday B. Bhatt v. Sarfarazbhai Rafique Bhai Ravani – [2024] 163 taxmann.com 324 (CCI)
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