COMPETITION LAW
CCI Moves Supreme Court Against NCLAT Order Setting Aside ₹301.61 Crore Penalty On Grasim Industries
The Competition Commission of India has moved the Supreme Court against the National Company Law Appellate Tribunal's (NCLAT) decision setting aside its order imposing a ₹301.61 crore penalty on Grasim Industries Ltd. The penalty had been imposed for the company's alleged abuse of its dominant position in the market for the supply of viscose staple fibre (VSF) to spinners in India.The appeal filed on July 3 is yet to be listed before the apex court. A Bench of Judicial Member Justice Yogesh...
CCI Closes Bid-rigging, Abuse Of Dominance Case Against Godrej & Boyce
The Competition Commission of India (CCI) has closed allegations of bid rigging and abuse of dominance against Godrej & Boyce Manufacturing Co. Ltd. and several public procuring entities. It held that the similarity between tender specifications and Godrej's products, by itself, was not enough to establish collusion or anti-competitive conduct. A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag passed the order. The Commission observed, "Even if...
NCLAT Allows Meru To Withdraw Appeal Against CCI's Closure Of Antitrust Complaint Against Ola, Uber
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently permitted cab aggregator Meru Travel Solutions Pvt. Ltd. to withdraw its pending competition appeal arising from its competition complaint against Ola and Uber. The appeal challenged a 2018 order of the Competition Commission of India (CCI), which had closed the matter at the preliminary stage. A bench of Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra observed:“It is submitted the appellant...
CCI Approves Proposed Acquisition Of Royal Challengers Bengaluru Franchise By Aditya Birla-Led Consortium
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of 100% shareholding in Royal Challengers Sports Private Limited, the company that owns and operates the Royal Challengers Bengaluru cricket franchise. The acquisition will be made by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet Limited, Times Cricket LLP, ICQ Opportunities RC Holdco, Asia Investment Topco II and other investors with whom certain acquirers have entered into...
CCI Closes 14-Year Antitrust Case Against AIOCD, Cipla, Sun Pharma And Other Drugmakers
The Competition Commission of India (CCI) on Monday closed a 14-year-old antitrust case against the All India Organisation of Chemists & Druggists (AIOCD), Cipla, Sun Pharma, Dr. Reddy's Laboratories and several other pharmaceutical companies, holding that allegations of anti-competitive practices were not established. A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag disagreed with the Director General's findings. It observed, “The Commission...
CCI Approves Honda Motor's Proposed Acquisition Of 21% Stake In Astemo From Hitachi
The Competition Commission of India on Tuesday approved Honda Motor Co., Ltd.'s proposed acquisition of 21% voting interest in Astemo Ltd from Hitachi Ltd.According to a press release issued by the Commission, the proposed combination involves Honda acquiring the stake in Astemo from Hitachi. Honda Motor, the flagship company of the Honda Group, is engaged in the manufacture and sale of automobiles, two-wheelers, power products, automotive components, and related research and development...
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...