Fsrpl Ccps Trust, Mumbai, India
Case brief
What is this about?
The Competition Commission of India approved a proposed combination where Beacon Trusteeship would acquire stake in Future Speciality Retail Limited (FSRL) via Compulsorily Convertible Preference Shares and purchase of apparel business. The Commission found no horizontal or vertical overlaps undertakings likely to harm competition.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Competition Act, 2002, subject to the order being revoked if information provided is found to be incorrect.
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.
COMPETITION COMMISSION OF INDIA
(Combination Registration No.C-2017/01/476)
Fair Competition For Greater Good
16th March, 2017
Notice under Section 6 (2) of the Competition Act, 2002 jointly given by FSRPL CCPS Trust acting through its trustee, Beacon Trusteeship Limited and Future Lifestyle Fashions Limited
Coram:
Devender Kumar Sikri Chairperson
S.L. Bunker
Member
Sudhir Mital
Member
Augustine Peter
Issues for consideration
1 issue framed by the court
Whether the proposed combination between Beacon and FSRL, involving transfer of the Lee Cooper Business and investment in Compulsorily Convertible Preference Shares, is likely to have an appreciable a
Parties & counsel
- applicant
FSRPL CCPS Trust (acting through Beacon Trusteeship Limited and Future Lifestyle Fashions Limited)
- other
Future Speciality Retail Limited
Coram
Devender Kumar Sikri
Case details
As recorded by the court registry
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