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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. ....

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

The NCLAT admitted Google's appeal subject to deposit of 10 per cent of the penalty amount and listed the matter for final hearing on April 17. ....

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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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SC Notice To CCI Future Group Regarding Amazon Plea Challenging NCLAT Order

A notice has been issued by the Supreme Court today regarding a plea by Amazon which challenged the National Company Law Appellate Tribunal (NCLAT) order upholding the decision to keep share subscription agreement (SSA) between Amazon and Future Coupons Pvt Ltd (FCPL) in abeyance., , supreme court, sc, amazon, CCI Penalty ....

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Competition Commission Penalises 2 Firms For Bid Rigging GAIL's Tender

Competition Commission of India has imposed a penalty on two entities for indulging in bid rigging of a tender floated by Gas Authority of India ....

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