Mercuria Energy Netherlands B.V.
Case brief
What is this about?
The Competition Commission of India reviewed a proposed joint venture between Mercuria Energy and Tata International Singapore. After assessing horizontal overlaps and market shares in coal and oil trading sectors, the Commission held the deal unlikely to cause adverse effects on competition and approved it.
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-2026/04/1410
26th May 2026
Notice under Section 6(2) of the Competition Act, 2002 given by Mercuria Energy Netherlands B.V.
CORAM:
Ms. Ravneet Kaur Chairperson Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Order under Section 31(1) of the Competition Act, 2002
- On 6th April 2026, the Competition Commission of India ( Commission ) received a notice ( Notice ), under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ), given by Mercuria Energy Netherlands B.V. ( Mercuria ) and Tata International Singapore (Pte) Limited ( TISPL ). The Notice was filed pursuant to the execution of the Joint Venture Agreement dated 6th February 2026 entered into amongst Mercuria, Mercuria Energy Group Limited ( Mercuria Energy ) and TISPL ( JVA ).
- The proposed combination involves Mercuria Energy, through its subsidiary Mercuria, and TISPL entering into a JVA in respect of a joint venture company, i.e. JV Holding Co. ( Target ) to be established in Dubai International Financial Centre ( DIFC ), United Arab Emirates ( UAE ). There are also certain associated pre-closing restructuring and
Issues for consideration
2 issues framed by the court
Whether the proposed combination among Mercuria and TISPL is likely to cause appreciable adverse effect on competition in India.
Whether the Commission should approve the proposed combination under Section 31(1) of the Act.
Parties & counsel
- petitioner
Competition Commission of India
Coram
Ms. Ravneet Kaur
Mr. Anil Agrawal
Ms. Sweta Kakkad
Case details
As recorded by the court registry
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