Supreme Court of India · 2018-04-17
COMPETITION COMMISSION OF INDIA vs THOMAS COOK (INDIA) LTD. .
- Citation / case number
- SC 2015/35723
- Court
- Supreme Court of India
- Petitioner
- COMPETITION COMMISSION OF INDIA
- Respondent
- THOMAS COOK (INDIA) LTD. .
- Author
- HON'BLE MR. JUSTICE ARUN MISHRA
- Bench
- HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE ARUN MISHRA
Judgment text excerpt
The Supreme Court upheld the Competition Commission's order imposing a penalty under Section 43A of the Competition Act, 2002 for non-compliance with Section 6(2) regarding merger notifications. The Court established that failure to notify all relevant transactions constitutes a breach of the Act, emphasizing the importance of transparency in mergers and acquisitions. The appeal by the Competition Commission was allowed, reinstating the penalty of Rupees One Crore against the respondents.