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Meritor acquisition: CCI levies Rs 10 lakh penalty on Cummins

The Competition Commission of India (CCI) has levied a penalty of Rs 10 lakh on Cummins for failing to notify the regulator about the acquisition of sole control of Meritor. The transaction pertains to the acquisition of sole control of Meritor by Cummins by way of reverse triangular merger, where Rose NewCo Inc, a company newly incorporated by Cummins, merged with and into Meritor, and the latter survived as a directly wholly-owned subsidiary of Cummins, the CCI said in an order.

NCLAT refuses interim relief to Google in appeal against CCI order imposing ₹936 crore penalty for Play Store policies

FHRAI writes to SEBI to stop OYO from launching IPO after CCI penalty

In October this year, the Competition Commission of India (CCI) slapped penalties totalling more than Rs 392 crore on online travel firms MakeMyTrip, Goibibo, and hospitality services provider OYO for indulging in unfair business practices.

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