CA NeWs Beta*: Competition Act : Exemption from the applicability of Competition Act granted by the Central Govt.

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Friday, September 4, 2015

Competition Act : Exemption from the applicability of Competition Act granted by the Central Govt.

Competition Act : Exemption from the applicability of Competition Act granted by the Central Govt. u/s 54(a) of the Act cannot be denied to appellants on the ground that market purchases of Equity shares of
SHRIL(Sterling Holiday) by Thomas Cook's subsidiary TCISIL were intrinsically connected with other transactions. The Commission (CCI) failed to take cognizance of the fact that the implementation of a two-stage scheme for demerger/amalgamation of SHRIL with Thomas Cook was not dependent on market purchase of equity shares of SHRIL by TCISIL

[2015] 61 taxmann.com 61 (CAT)
COMPETITION APPELLATE TRIBUNAL
Thomas Cook (India) Ltd.
v.
Competition Commission of India, New Delhi

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