Central Bank of India
Case brief
What is this about?
The Competition Commission of India approved the proposed acquisition of insurance entities by Central Bank of India. The Commission found no horizontal overlaps and no significant vertical linkage that would alter competition dynamics in the relevant market segments.
What did the court decide?
Approval of the Proposed Combination under Section 31(1) of the Competition Act, 2002.
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-2026/02/1383
3rd March 2026
Notice under Section 6(2) of the Competition Act, 2002 given by Central Bank of India
CORAM:
Ms. Ravneet Kaur Chairperson
Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Order under Section 31(1) of the Competition Act, 2002
- On 13th February 2026, the Competition Commission of India ( Commission ) received a Notice under Section 6(2) of the Competition Act, 2002 ( Act ) given by Central Bank of India ( Central Bank/Acquirer ). The Notice relates to the acquisition by the Acquirer of 0.82% equity stake in Generali Central Life Insurance Company Limited ( GCLICL ) and 1.09% equity stake in Generali Central Insurance Company Limited ( GCICL ) from Future Corporate Resources Private Limited ( FCRPL ) (hereinafter GCICL and GCLICL are collectively referred to as the “ Target Entities ”) ( Proposed Combination) . FCRPL is presently undergoing corporate insolvency resolution process ( CIRP ) under the provisions of the Insolvency and Bankruptcy Code, 2016 ( IBC ) and the Resolution Professional of FCRPL had issued a Process Note dated 26th February 2025 inviting submission of bids for the sale of identified assets of FCRPL which included 0.82% equity stake of FCRPL in GCLICL and 1.09% equity stake of FCRPL in GCICL. Pursuant to the Process Note, the Acquirer submitted its initial bid dated 9th April 2025 (which was subsequently revised) for the identified assets ( Bid ) and the Notice has been filed pursuant to the same.
Issues for consideration
3 issues framed by the court
Whether the proposed acquisition of equity stakes by a public sector bank would result in an appreciable adverse effect on competition.
Whether the proposed combination falls under the jurisdiction of the Competition Commission of India.
Whether to approve the proposed combination under Section 31(1) of the Act.
Parties & counsel
- other
Competition Commission of India
- applicant
Central Bank of India
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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