Dhfl Investments Limited, Mumbai, India
Case brief
What is this about?
The Competition Commission of India approved a proposed combination where DHFL Investments acquired a 50 percent stake in DHFL Pramerica Life Insurance Company Limited from parent company DHFL. The Commission found no appreciable adverse effect on competition.
What did the court decide?
Approval granted for the transfer of 50% stake in DHFL Pramerica Life Insurance Company Limited 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-2017/02/487)
28th March, 2017
Notice under Section 6 (2) of the Competition Act, 2002 given by DHFL Investments Limited.
CORAM:
Mr.Devender Kumar Sikri Chairperson
Mr. S.L. Bunker
Member
Mr. Augustine Peter Member
Mr. U.C. Nahta Member
Legal Representative: AZB & Partners
Issues for consideration
3 issues framed by the court
Whether the proposed transfer of 50 percent stake in DHFL Pramerica Life Insurance Company Limited from DHFL to its wholly-owned subsidiary DHFL Investments is likely to have an appreciable adverse ef
Whether the proposed combination requires approval under Section 31(1) of the Competition Act, 2002 considering factors under Section 20(4).
Whether the order approving the combination shall stand revoked if the information provided by the parties is found to be incorrect.
Parties & counsel
- petitioner
DHFL Investments Limited
Coram
Devender Kumar Sikri
S.L. Bunker
Augustine Peter
Case details
As recorded by the court registry
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