Spring Canter Investment Ltd.
Case brief
What is this about?
The Competition Commission of India approved the proposed combination by Spring Canter Investment Limited in Rivigo Services Private Limited under Section 31(1) of the Competition Act, 2002, finding no appreciable adverse effect on competition due to low market share.
What did the court decide?
The Proposed Combination is approved under Section 31(1) of the Act.
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-2020/10/782)
27.11.2020
Notice under Section 6(2) of the Competition Act, 2002 filed by Spring Canter Investment 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
- On 28th October 2020, the Competition Commission of India ( Commission ) received a notice under Section 6(2) of the Competition Act, 2002 ( Act ), filed by Spring Canter Investment Limited ( Acquirer ). Notice has been filed pursuant to execution of the Binding Term Sheet inter alia between the Acquirer and Rivigo Services Private Limited ( Rivigo ), on 26th October, 2020.
- The Proposed Combination envisages acquisition of certain additional shareholding and rights in Rivigo by the Acquirer, an existing shareholder in Rivigo. It comprises the following two acquisitions:
Issues for consideration
2 issues framed by the court
Whether the proposed combination by Spring Canter Investment Limited in Rivigo is likely to have an appreciable adverse effect on competition.
Whether the Commission can approve a combination under Section 31(1) when market share is insignificant.
Parties & counsel
- petitioner
Competition Commission of India
- applicant
Spring Canter Investment Limited
Coram
Ashok Kumar Gupta
Case details
As recorded by the court registry
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