CCI imposes penalty for bid-rigging in coal transportation auctions

The Competition Commission of India (CCI)  vide its order dated September 14, 2017 imposed penalty of almost INR 12 Crore on 10 entities (Opposite Parties/OP)  namely SSV Coal Carriers Pvt. Ltd (OP-1), Bimal Kumar Khandelwal (OP-2), Pravin Transport (OP-3), Khandelwal Transport (OP-4), Khandelwal Earth Movers (OP-5), Khanduja Coal Transport Co. (OP-6), Punya Coal Road Lines…

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Central Government exempts nationalized banks and rural banks from CCI approval for mergers etc.

The Government of India , Ministry of Corporate Affairs (“MCA”) has exempted Nationalized Banks from the applicability of the merger control regime under the Competition Act,2002  (Act) . The MCA vide a Gazette notification dated 30.08.2017 ,in exercise of the powers conferred by clause (a) of Section 54 of the Act  , has  exempted, all cases…

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