Easygo Textiles Private Limited
CCIC-2022/01/901
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.
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Summary of the Proposed Combination
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[In terms of Regulations 13 (1A) of the Competition Commission of India (Procedure in
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regard to the transaction of business relating to combinations), 2011]
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A. Name of the parties to the combination
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- The names of the parties to the combination are:
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- a. Easygo Textiles Private Limited ( Easygo/Acquirer )
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- b. Sintex Industries Limited ( SIL/Target )
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B. The nature and purpose of the combination
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- Easygo, a wholly owned subsidiary of Welspun India Limited ( WIL ), proposes to acquire 100% shareholding of Sintex Industries Limited ( SIL ), which is currently undergoing insolvency resolution proceedings initiated under the Insolvency and Bankruptcy Code, 2016 ( Proposed Combination ).
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- The Proposed Combination is in the nature of an acquisition and is notifiable under Section 5(a)(i)(A) of the Competition Act, 2002.
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