Ndl Ventures Limited
Case brief
What is this about?
The Competition Commission of India approved a proposed combination between NDL Ventures Limited and Hinduja Leyland Finance Limited via a merger scheme. Finding no horizontal or vertical overlaps, the Commission determined the deal would not negatively affect competition and granted approval under Section 31(1).
What did the court decide?
Approval of the Proposed Combination (merger) under Section 31(1) of the Competition Act, 2002 subject to confidentiality and truthfulness conditions.
What the court decided
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2025/12/1363)
17th February 2026
Notice under Section 6(2) of the Competition Act, 2002 filed by NDL Ventures Limited
CORAM:
Ms. Ravneet Kaur Chairperson Mr. Anil Agrawal Member Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 31st December 2025, the Competition Commission of India ( Commission ) received a notice ( Notice ), under Section 6(2) of the Competition Act, 2002 ( Act ), filed by NDL Ventures Limited ( NDL/ Acquirer) . The Notice was filed pursuant to the Scheme of Merger by Absorption ( Scheme ) seeking to merge and consolidate the businesses of Hinduja Leyland Finance Limited ( HLFL/Target ) into and with NDL pursuant to the provisions of Sections 230 to 232 of the Companies Act, 2013 ( Companies Act ) and other applicable provisions of the Companies Act ( Proposed Combination ).
Issues for consideration
1 issue framed by the court
Whether the proposed merger through Scheme of Merger by Absorption between NDL Ventures Limited and Hinduja Leyland Finance Limited is likely to have an appreciable adverse effect on competition.
Parties & counsel
- applicant
NDL Ventures Limited
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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