Comfort Investments II
Case brief
What is this about?
The Competition Commission of India evaluated a proposed acquisition of Nxtra Data by Comfort Investments II. Assessing market shares and vertical relationships, the Commission found no appreciable adverse effect on competition and approved the combination under Section 31(1).
What did the court decide?
Proposed Combination approved under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2020/07/755)
26th August, 2020
Notice under Section 6(2) of the Competition Act, 2002 filed by Comfort Investments II
CORAM:
Mr. Ashok Kumar Gupta Chairperson
Ms. Sangeeta Verma Member
Mr. Bhagwant Singh Bishnoi Member
Order under Section 31(1) of the Competition Act, 2002
- On 08.07.2020, the Competition Commission of India ( Commission ) received a notice ( Notice ) under Section 6(2) of the Competition Act, 2002 ( Act ), filed by Comfort Investments II ( CI-II/ Acquirer ). The Notice is filed pursuant to Investment Agreement ( Agreement ) dated 01.07.2020 signed between Acquirer, Nxtra Data Limited ( Nxtra Data/ Target ) and Bharti Airtel Limited ( Bharti Airtel ). Hereinafter, Acquirer and Nxtra Data will be referred to as “ Parties ”.
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of Nxtra Data by Comfort Investments II is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
Comfort Investments II
- other
Nxtra Data Limited
- other
Bharti Airtel Limited
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court