Aceville Pte. Ltd., Singapore
Case brief
What is this about?
The Competition Commission of India approved a proposed combination where Aceville Pte. Ltd. acquired up to 6.02% shares in Flipkart Limited. The Commission found no appreciable adverse effect on competition.
What did the court decide?
Approved the proposed combination as it is not likely to have an appreciable adverse effect on competition in India.
What the court decided
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2017/04/501)
Fair Competition For Greater Good
12th May, 2017
Notice under Section 6 (2) of the Competition Act, 2002 given by Aceville Pte. Ltd.
CORAM:
Augustine Peter Member Mr. U. C. Nahta Member Mr. G. P. Mittal Member
Legal Representative: M/s Platinum Partners
Order under Section 31(1) of the Competition Act, 2002
- On 12th April, 2017, the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice filed by Aceville Pte. Ltd. (“Aceville”) under sub-section (2) of Section 6 read with sub-section (a) of Section 5 of the Competition Act, 2002 (“ Act ”) pursuant to a Subscription Deed dated 17th March, 2017 entered into between, inter-alia , Aceville and Flipkart Limited (“ Flipkart ”). (Hereinafter, Aceville and Flipkart are collectively referred to as “ Parties ).
Issues for consideration
1 issue framed by the court
Whether the proposed combination between Aceville Pte. Ltd. and Flipkart Limited would have an appreciable adverse effect on competition in India.
Parties & counsel
- petitioner
Aceville Pte. Ltd.
- respondent
Flipkart Limited
Coram
Augustine Peter
Case details
As recorded by the court registry
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