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
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