Standard Greases & Specialities Pvt. Ltd.
Case brief
What is this about?
The Competition Commission of India examined a notice regarding an acquisition of shares in Tide Water Oil Company (India) Limited by Standard Greases & Specialities Private Limited and its associates. The Commission evaluated horizontal and vertical overlaps in the lubricants and grease market. Finding no significant competition concerns, the Commission approved the proposed combination.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Competition Act, 2002.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2015/10/317)
16th December 2015
Notice under sub-section (2) of Section 6 of the Competition Act, 2002 filed by Standard Greases & Specialities Private Limited
CORAM:
Mr. Ashok Chawla Chairperson Mr. S. L. Bunker Member Mr. Sudhir Mital Member
Mr. Augustine Peter Member Mr. U. C. Nahta Member Mr. M. S. Sahoo Member
Mr. G.P Mittal Member
Legal Representative of the parties: Platinum Partners
Order under sub-section (1) of Section 31 of the Competition Act, 2002
- On 5th October 2015, the Competition Commission of India (“ Commission ”) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (“ Act ”) filed by Standard Greases & Specialities Private Limited (“ Standard Greases ” or “ Acquirer” ). The proposed combination pertains to acquisition of shares
Issues for consideration
3 issues framed by the court
Whether the proposed acquisition of shares in Tide Water by Standard Greases & Specialities Private Limited and its associates is likely to cause an appreciable adverse effect on competition in India.
Whether the horizontal or vertical relationships between the parties pose competition concerns given their market shares.
Whether the proposed combination should be approved under the Competition Act, 2002.
Parties & counsel
- petitioner
Standard Greases & Specialities Private Limited
- respondent
Tide Water Oil Company (India) Limited
Coram
Ashok Chawla
Case details
As recorded by the court registry
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