The Competition Commission of India approved the proposed acquisition of CG Power by Tube Investments of India Limited under Section 31(1) of the Competition Act, 2002, finding no appreciable adverse effect on competition despite vertical business interfaces.
Approval of the proposed combination under Section 31(1) of the Competition Act, 2002.
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-2020/09/769)
13th October, 2020
Notice under Section 6(2) of the Competition Act, 2002 filed by Tube Investments of India Limited
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
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Combination Registration No. C-2020/09/769
debts under the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019.
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Combination Registration No. C-2020/09/769
Interrupters. CG Power is engaged in manufacture of Vacuum Interrupters. Thus the activities of Parties exhibit vertical interface. However, the vertical relationships are not such as to cause appreciable adverse effect on competition in India.
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2 issues framed by the court
Whether the proposed acquisition of approximately 58.6% equity share capital of CG Power by TIIL will have an appreciable adverse effect on competition.
Whether the vertical interface between TIIL's subsidiaries and CG Power warrants approval under Section 31(1) of the Act.
4 provisions across 1 enactments
Tube Investments of India Limited
CG Power and Industrial Solutions Limited
Ashok Kumar Gupta
Sangeeta Verma
Bhagwant Singh Bishnoi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
