COMPETITION LAW
CCI Clears TVS Emerald, TVS Venu's Acquisition Of PGIM India AMC And Trustee Company
The Competition Commission of India has approved a proposed transaction involving the acquisition of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited.According to a press release issued on Tuesday, the transaction envisages the acquisition of 100% of the issued, subscribed and paid-up share capital of the two PGIM India entities.TVS Emerald Limited, along with its...
CCI Rules Advance India Projects Limited Not Dominant in Gurugram Commercial Real Estate Market
The Competition Commission of India on Monday closed proceedings against real estate developer Advance India Projects Limited (AIPL), holding that the company does not prima facie appear to be dominant in the market for organised commercial real estate in Gurugram. The Commission therefore found that no case of abuse of dominant position was made out. A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag observed that AIPL had only seven projects...
CCI Finds Four Odisha Truck Associations Guilty Of Cartelisation, Orders Cease-And-Desist
The Competition Commission of India (CCI) on Tuesday held four truck owners' associations operating in Odisha's mining belt guilty of cartelisation and anti-competitive conduct for fixing freight rates and restricting independent transporters from carrying minerals from mining areas. It directed the associations to cease and desist from the practices and said the issue of monetary penalties would be considered separately after receiving their financial details. A coram of Chairperson Ravneet...
CCI Approves Proposed Acquisition Of 2.8% Stake In Shriram Life Insurance By Sanlam Emerging Markets
The Competition Commission of India has approved the proposed acquisition of a 2.80% stake in Shriram Life Insurance Company Limited (SLIC) by Sanlam Emerging Markets (Mauritius) Ltd (SEMM).According to a press release issued by the Commission on Tuesday, the proposed combination involves SEMM acquiring 2.80% of the expanded equity capital of SLIC through a preferential issue of shares.SEMM, a Mauritius based company forming part of the Sanlam Group of South Africa, is a strategic partner of the...
Chandigarh Airport Taxi Licence Not Exclusive, CCI Closes Complaint Against Nanuan Travels Operator
The Competition Commission of India (CCI) on Monday closed a complaint filed by a solo cab driver against Nanuan Travels and Shaheed Bhagat Singh International Airport, Mohali, alleging anti-competitive conduct arising from Nanuan's licence to operate taxi services at the airport. In an order dated June 8, 2026, Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag observed that the license granted to Nanuan Travels did not confer an exclusive right to operate taxi...
CCI Closes Abuse of Dominance Complaint Against InVideo AI Over Subscription Dispute
The Competition Commission of India on Thursday closed an abuse of dominance case against InVideo AI, a cloud-based digital video generation and translation platform. It held that a subscriber's grievances over cancellation of his subscription and denial of promised credits were essentially a private dispute and did not raise any competition law concerns. A bench comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag declined to order an investigation...
CCI Orders Probe Into Mrs India Inc Over Restrictive Conditions Imposed On Pageant Participants
The Competition Commission of India (CCI) on Tuesday ordered a Director General investigation into Mrs. India Inc. The Commission prima facie found that certain conditions imposed on participants and winners of its beauty pageants appeared to prevent them from entering other beauty pageants for five years, undertaking professional engagements without approval, and requiring them to associate only with social causes recognised by the organiser. A coram of Chairperson Ravneet Kaur and Members...
CCI Approves UPL Restructuring Plan To Consolidate India, Global Crop Protection Businesses
The Competition Commission of India (CCI) on Tuesday approved a proposed combination involving the restructuring of UPL group companies and several investment entities, under which UPL's India and global crop protection businesses will be brought under a single group entity. According to a press release issued by the Commission, the transaction involves UPL Limited, UPL Sustainable Agri Solutions Limited, UPL Global Sustainable Agri Solutions Limited, UPL Crop Protection Holdings Limited, TPG...
Informant Has No Right To Hearing At CCI Screening Stage, Must Approach NCLAT: Delhi High Court
The Delhi High Court on 14 May held that the Competition Commission of India (CCI) is not required to issue notice or grant a hearing to an informant at the prima facie screening stage under Section 26(2) of the Competition Act, 2002, and that the appropriate remedy against such closure lies in a statutory appeal before the National Company Law Appellate Tribunal (NCLAT). Justice Purushaindra Kumar Kaurav dismissed the writ petition filed by KSD Zonne Energie LLP and upheld the CCI's closure of...
Supreme Court Sets Aside NCLAT Order Upholding CCI's ₹202 Crore Penalty On Amazon In Future Coupons Deal
The Supreme Court on Wednesday allowed Amazon's appeal, setting aside the CCI's ₹202 crore penalty and suspension of approval for its 2019 Future Coupons investment, along with the NCLAT order that upheld it.A Bench comprising Justices Vikram Nath and Sandeep Mehta ultimately held that both the CCI's December 17, 2021 order and the June 13, 2022 judgment of the NCLAT could not be sustained. “In view of the findings recorded above, the appeal is allowed. The impugned judgment dated 13 June 2022...
CCI Approves Tata International Singapore-Mercuria Joint Venture For Global Commodities Trading
The Competition Commission of India on Tuesday approved the proposed formation of a joint venture company between Mercuria Energy Netherlands B.V., a subsidiary of Mercuria Energy Group Limited, and Tata International Singapore (Pte) Ltd (TISPL).According to a press release issued by the Commission, the transaction involves Mercuria and TISPL entering into an agreement to establish a joint venture company in the Dubai International Financial Centre, United Arab Emirates, along with certain...