CAREW AND COMPANY LTD. vs UNlON OF INDIA

The Supreme Court interpreted Section 2(v) of the Monopolies and Restrictive Trade Practices Act, 1969, defining 'undertaking' as entities engaged in production, supply, or distribution of goods. It held that the appellant's proposal to form a new company to take over its sugar unit required prior permission from the Central Government under Sections 22 and 23(4) of the Act. The Court affirmed the rejection of the appellant's application for investment, emphasizing compliance with statutory provisions for establishing interconnected undertakings.