India - Update And Analysis Of The Revised Notes To Form 1 Issued By CCI.

Legal News & Analysis - Asia Pacific - India - Competition & Antitrust - Regulatory & Compliance

20 July 2020

 

Introduction

Competition Commission of India (‘CCI’) on March 27, 2020, issued guidance for parties (‘Revised Notes’) to file a Form I under the Competition Commission of India (Procedure in Regard to the Transaction of Business Relating to Combinations) Amendment Regulations, 2011 (‘Combination Regulations’)...

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ehavioural Cases

 

  • CCI Dismisses Complaint against State Bank of India and Patanjaji Ayurveda and International Traders

    On May 14, 2020, CCI dismissed allegations against State Bank of India (‘SBI’), M/s Patanjali Ayurveda (‘Patanjali’) and M/s International Traders (‘IT’) of committing fraud and colluding with the objective of taking the informant’s basmati rice processing unit in the garb of debt recovery under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’)...

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  • CCI Dismisses Allegations of Abuse of Dominance against Punjab National Bank

    On May 22, 2020, CCI dismissed allegations against Punjab National Bank (‘PNB’) that it had abused its dominant position in terms of Section 4 of the Competition Act. The informant alleged that PNB abused its dominant position by auctioning a property through a bidding process without first obtaining the possession of the property from its incumbent owners...

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  • CCI Unearths a Cartel in the Domestic Industrial and Automotive Bearings Market

    On June 5, 2020, CCI concluded that five domestic and industrial bearings manufacturers, namely, Schaeffler India Limited (‘Schaeffler’), ABC Bearings Limited (now amalgamated with Timken India Limited) (‘Timken’), National Engineering Industries Limited (‘NEI’), SKF India Limited (‘SKF’), and Tata Steel Limited, Bearing division...

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  • CCI Dismisses Complaint Against Swiggy

    On June 19, 2020, CCI dismissed an allegation of abuse of dominance against Bundl Technologies Private Limited (‘Swiggy’).

    The informants alleged that the food rates charged by Swiggy on its website and application are much higher than the rates offered by the restaurants at their outlets, over and above delivery charges levied by Swiggy...

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  • NCLAT Upholds CCI’s Order Rejecting Complaints of Anti-Competitive Conduct Against Cab Aggregation Companies

    On May 29, 2020, the National Company Law Appellate Tribunal (‘NCLAT’) upheld CCI’s order in Case No. 37/2018 rejecting complaints of anti-competitive conduct against cab aggregation companies namely, ANI Technologies Private Limited (‘Ola’) and Uber India Systems Private Limited (‘Uber’, including its group companies i.e., Uber B.V. and Uber Technologies Inc.)...

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  • NCLAT Upholds CCI’s Order Dismissing Complaints against Goel Enclave and Eight Residential Developers

    On May 22, 2020, the NCLAT upheld CCI’s order dismissing complaints of contravention of the Competition Act against Goel Enclave and Eight Residential Developers (‘Opposite Parties’)...

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  • NCLAT Dismisses Appeal against CCI’s Order Dismissing Complaints against NIIT Limited

    On May 29, 2020, the NCLAT dismissed an appeal filed against CCI’s closure of complaints relating to anticompetitive agreement and abuse of dominant position against NIIT Limited (‘NIIT’). CCI noted that NIIT was not dominant in the relevant market of computer/IT training centres in Hyderabad...

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  • DHC Dismisses Writ Petitions Challenging CCI’s Order Directing the DG to Investigate Monsanto for Violating Various Provisions of the Competition Act

    On May 20, 2020, the Delhi High Court (‘DHC’) dismissed two writ petitions collectively filed by Monsanto Holdings Private Limited (‘MHPL’), Monsanto Company (‘MonCo’), and Mahyco Monsanto Biotech (India) Private Limited (‘MMBL’) (MHPL, MonCo, and MMBL are collectively referred to as ‘Monsanto’)...

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ombination Orders

 

  • CCI Approves Acquisition of Shareholding by Total S.A. in JV Entity Incorporated by Adani Green Energy Limited

    On April 1, 2020, CCI approved the acquisition of 50% of the shareholding in a joint venture entity (‘JV Entity’) by Total S.A to be incorporated by Adani Green Energy Limited (‘AGEL’). Prior to the acquisition by Total S.A., AGEL will transfer certain solar energy assets held by it (‘Target Companies’) to the JV Entity...

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  • CCI Approves Emerald Sage Investment Limited’s Acquisition of Compulsorily Convertible Preference Shares of Apollo Tyres Limited

    On April 13, 2020, CCI approved Emerald Sage Investment Limited’s (‘ESIL’) acquisition of compulsorily convertible preferences shares (‘CCPS’) in Apollo Tyres Limited (‘Apollo’). The CCPS would constitute approximately 9.93% of the post-issue share capital of Apollo...

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For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

zia.mody@azbpartners.com