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april 2018

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.

COMPETITION COMMISSION OF INDIA vs THOMAS COOK (INDIA) LTD. . · Niyam