The proposed combination relates to acquisition of 100% shareholding in L&T General Insurance Company Limited (“LTGI”) by HDFC Ergo General Insurance Company Limited (“HDFC Ergo”) from Larsen and Toubro (L&T). Subsequently, HDFC Ergo shall be merged with its then 100% subsidiary LTGI. HDFC Ergo is engaged in providing housing finance, finance for commercial real estate,…
The Competition Commission of India (“CCI” ) by way of its order dated 28.07.2016 has found the Karnataka Chemists and Druggist Association (“KCDA”) , Lupin Ltd. (“Lupin”) and their Office bearers to be in contravention of the provisions of the Competition Act, 2002 (the Act). In a case filed by M/s Maruti & Co., a…
Competition Commission of India(CCI) vide its order dated July 01,2016 has given its approval to JSW Energy to acquire 1,000 MW power plant in Chhattisgarh from Jindal Steel and Power Ltd (JSPL).The JSPL board had approved divesting the unit of its subsidiary Jindal Power Ltd (JPL) into a special purpose vehicle for transferring it to…
CCI vide its order dated July 01,2016 has approved JV entered between Nestlé and PAI (through Riviera Topco) which would be jointly controlled by Nestlé and PAI (through Riviera Topco) and would be principally active in the production, distribution and sale of ice cream products in certain geographical areas and to a limited extent in…
COMPAT by its order dated 01 July 2016 has set aside the penalty imposed by the Competition Commission of India (CCI) on India Trade Promotion Organization (ITPO) for allegedly adopting a discriminatory time-gap policy for holding exhibition/fairs at Pragati Maidan, New Delhi and the alleged discrimination practiced in allotment of spaces to private organizers. ITPO…
COMPAT by its order dated July 1, 2016 has over-ruled the order of CCI wherein the Indian Jute Mils Association (IJMA) and Gunny Trade Association (GTA) were penalized for alleged cartelization in pricing of jute bags. It was alleged that the jute manufacturers have acquired a monopoly position as a result of the circular of…
Competition Commission of India, by way of its order dated June 28, 2016 held that M/s Ruchi Soya Industries Ltd. ,M/s Betul Oils Ltdand M/s Ganganagar Commodity Ltd. were not in contravention of the provisions of sections 3 and 4 of the Act as alleged by Shri Nirmal Kumar Manshani (Informant). The Informant stated that…
The Competition Commission of India (CCI) by way of its order dated June 9, 2016 directed the Director General (‘DG’) to investigate Mahyco Monsanto Biotech (I) Limited, Monsanto Holdings Private Ltd., Monsanto Inc., U.S.A. and Maharashtra Hybrid Seeds Company Ltd. (collectively called as “Opposite parties”) pursuant to an information filed by Kaveri Seed Company ltd,…
CCI, by its order dated May 04, 2016, has approved acquisition of DLF’s film exhibition business, subject to modifications. The proposed combination relates to acquisition by PVR of DLF Utilities Limited (DUL) film exhibition business comprising of 39 screens (29 existing and 10 upcoming) as a going concern on a slump sale basis. PVR is…
COMPAT by its order dated May 10, 2016 has set-aside the order of CCI in so far as it had held that Alkem Laboratories Limited (Alkem) for violation of Section 3(1) of the Act and had imposed a penalty of INR 74 crores. Pursuant to the case by the Informant (Mr P K Krishnan, Proprietor,…
