Supreme Court · 2018 INSC 354 · Decided 17 April 2018
SCM Solifert Limited & ANR. v. Competition Commission of India
- Court
- Supreme Court of India
- Citation
- 2018 INSC 354 · [2018] 4 S.C.R. 302
- Case number
- CIVIL APPEAL No. 10678/2016
- Decided
- 17 April 2018
- Bench
- ARUN MISHRA, NAVIN SINHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Competition Act, 2002 - ss.5(a)(i), (ii), 6(2), 43A - Appellants acquired shares of a company ('MCFL') on two occasions - First acquisition was for 24.46% paid up share capital and the second acquisition was for a further 1.7% paid up share capital disclosing details of the first acquisition and notifying second acquisition within 30 days of the second acquisition - Competition Commission imposed penalty u/s.43A for failing to notify the proposed combination before the acquisition as required u/s.6(2) - Order upheld by appellate
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