CCI to decide on Jet-Etihad on Nov 11


DELHI

India’s competition regulator Competition Commission of India (CCI) will take up the Jet -Etihad deal for approval next Monday, by when it would have received the opinion of Air India on the proposed deal.

The national carrier is expected to send its reply to the CCI within the next 24 hours. These views will be crucial in helping the Commission pass on order on whether the deal complies with India’s fair trade rules. The CCI has been considering this deal for quite some time now, leading to questions on why it was taking so long for it to come to a conclusion on the pact.

The rules specify time limits on the regulator’s actions with respect to clearing such deals. Section 30 of the Competition Act, 2002 specifies that if the Commission does not pass an order within 210 days of a filing, then the deal is deemed to have been approved.

Full report here Moneycontrol 

LEAVE A REPLY

Please enter your comment!
Please enter your name here