COMPETITION LAW
CCI Clears Mizuho Securities' Proposed Acquisition Of Stake In Avendus Capital
The Competition Commission of India has approved Mizuho Securities Co Ltd's acquisition of certain equity shares in Avendus Capital Private Limited on a fully diluted basis.The proposed combination involves Mizuho Securities, part of Japan-based Mizuho Financial Group, which operates globally across investment banking, markets, research, and retail and business banking. In India, Mizuho operates through its subsidiary, Mizuho Securities India Private Limited, which is registered with SEBI as a...
Supreme Court Stays NCLAT Ruling That Set Aside CCI's Clean Chit To Chettinad Coal Terminal
The Supreme Court on Monday stayed the operation of a ruling of the National Company Law Appellate Tribunal that had set aside the Competition Commission of India order clearing Chettinad International Coal Terminal Pvt. Ltd. (CICTPL) of abuse of dominance in the market for provision of common user coal terminal services at Kamarajar Port, while issuing notice in the matter.The top court was hearing a plea filed by CICTPL against the NCLAT's January 21, 2026 judgment, which had overturned the...
Supreme Court Dismisses Plea Against NCLAT Ruling That CCI Need Not Put Informant On Notice At Prima Facie Stage
The Supreme Court on Friday refused to interfere with a National Company Law Appellate Tribunal (NCLAT) ruling that the Competition Commission of India (CCI) is not required to issue notice to the informant when it closes a case under Section 26(2) of the Competition Act after finding no prima facie case. The top court was hearing a plea filed by Karnataka Power Corporation Ltd. (KPCL) against the NCLAT's January 13, 2026 order, which had upheld the CCI's decision to close an abuse of dominance...
NCLAT Stays Recovery of ₹27.38 Crore CCI Penalty On Intel Over India-Specific Warranty Policy For Microprocessors
The National Company Law Appellate Tribunal (NCLAT) has stayed further recovery of the Rs. 27.38 crore penalty imposed on Intel Corporation by the Competition Commission of India (CCI) for abusing its dominant position in the market for boxed microprocessors for desktop PCs in India through an India-specific warranty policy that restricted warranty service in India and required customers to seek service in the country of purchase. A bench of Judicial Member Justice Yogesh Khanna and Technical...
CCI Approves Vishakha Renewables–Vishakha Glass Restructuring Proposal
The Competition Commission of India (CCI) on 20 April 2026 approved a proposed restructuring involving Vishakha Renewables Private Limited and Vishakha Glass Private Limited. The combination restructures the renewables business of Vishakha Renewables and merges it with Vishakha Glass. The transaction will take place in multiple steps. Vishakha Renewables will first transfer its pipes and mouldings divisions to Progressive Pipes Private Limited on a slump sale basis. Thereafter, Vishakha...
CCI Finds No Anti-Competitive Conduct By NABARD In Core Banking Solution Procurement Involving Infosys
Although the National Bank for Agriculture and Rural Development is dominant in the market for procurement of core banking solution services for rural cooperative banks, the Competition Commission of India has found no prima facie case of abuse of dominance or anti-competitive agreement in a case involving Infosys Limited. A coram comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag passed the order closing the information under Section 26(2) of the...
CCI Finds No Anti-Competitive Conduct By Adani Entities , Azure Power In SECI Solar Tender
The Competition Commission of India on Thursday closed a complaint alleging that SECI's solar power tenders favoured Adani Group entities and Azure Power, finding no prima facie violation of competition law. A coram comprising Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag held that no case was made out to warrant an investigation, observing: “Upon consideration of the facts and circumstances of the present case, the Commission is of the view that there is no...
NCLAT Upholds CCI Penalty In Railway Tender Cartel Case, Says Silence On Emails Shows Tacit Participation
The National Company Law Appellate Tribunal (NCLAT) has recently held that the failure of Jaipur-based firm Hari Narayan Bihani and its partner Keshav Bihani to object to cartel-related emails, despite repeatedly receiving them, can be taken as evidence of their participation in bid rigging in railway tenders, while upholding penalties imposed by the Competition Commission of India. A bench of Judicial Member Justice Mohammad Faiz Alam Khan and Technical Member Naresh Salecha said the firm's...
Karnataka High Court Reserves Orders On Pleas Challenging CCI Probe Into Amazon, Flipkart-Linked Sellers
The Karnataka High Court on April 10 reserved its judgment in a batch of writ petitions challenging the scope of the Competition Commission of India's probe into alleged anti-competitive practices by Amazon and Flipkart, particularly the power of the Director General to array additional parties during the investigation.A single-judge bench of Justice M. Nagaprasanna, after hearing the parties, reserved the judgment.Senior Advocate K.G. Raghavan, appearing for Rocket Kommerce LLP and related...
CCI Finds No Abuse of Dominant Position by Arthur Flury India In Railway Electrification Component Supply
The Competition Commission of India has closed a complaint accusing Arthur Flury India Pvt. Ltd., the Indian arm of a Switzerland-based engineering firm, of profiteering and discriminatory pricing in the supply of Short Neutral Section Assemblies used in railway electrification systems, after finding no prima facie abuse of dominance. The order, dated April 7, 2026, was passed by a bench comprising Chairperson Ravneet Kaur and members Anil Agrawal, Sweta Kakkad and Deepak Anurag. The complaint...
CCI Approves Indriya's Proposed Acquisition Of 14.2% Stake In Aditya Birla Housing Finance
The Competition Commission of India has approved the proposed acquisition of a 14.286% stake in Aditya Birla Housing Finance Limited by Indriya Limited. It said a detailed order will follow. Indriya Limited will acquire the stake through a preferential issue on a private placement basis. The shareholding will be 14.286% of the post-issue paid-up capital on a fully diluted basis. Indriya Limited is an investment holding company with no operations in India. Aditya Birla Housing Finance Limited...
CCI Approves Torrent Power's Proposed 100% Acquisition Of Nabha Power from L&T
The Competition Commission of India has cleared Torrent Power Limited's proposed acquisition of 100% stake in Nabha Power Limited from L&T Power Development Limited, paving the way for the Ahmedabad-based firm to take full control of a key thermal power asset in Punjab.The deal covers both equity shares and optionally convertible redeemable preference shares of Nabha Power, which runs a 2x700 MW supercritical thermal power plant at Rajpura and has been operational since 2014.Torrent Power,...