Fal Corporation
Case brief
What is this about?
The Commission of India approved a combination where an acquirer increased its shareholding in a joint venture insurance company from 25.59% to 34.59%. The Commission determined this change did not alter control or appreciably affect competition.
What did the court decide?
Approval of the proposed combination under Section 31(1) of the Competition Act, 2002.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2015/11/343)
8th December 2015
Notice under Section 6 (2) of the Competition Act, 2002 given by FAL Corporation
CORAM:
Ashok Chawla
Chairperson
S. L. Bunker
Member
Sudhir Mital
Member
Augustine Peter Member
U.C. Nahta Member
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of additional shares resulting in an increase in equity holding without change in control appreciably affects competition in the general insurance sector.
Whether the acquisition falls within the regulatory requirements for combinations under the Competition Act.
Coram
Ashok Chawla
S. L. Bunker
Sudhir Mital
Augustine Peter
U.C. Nahta
Case details
As recorded by the court registry
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