https://www.taxtmi.com/caselaws?id=460179 NCLAT dismissed appeal challenging Competition Commission's approval of proposed combination under Section 31 of Competition Act, 2002. Tribunal held that where no prima facie case exists showing combination would cause appreciable adverse effect on competition within relevant market, Commission need not follow detailed procedures under Sections 29-30 and may directly approve under Section 31. Appellant failed to demonstrate elimination of major market players or adverse competitive effects. Both parties were foreign investment entities operating within B2B wholesale trading boundaries as defined by FDI Policy. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 14 Jan 2025 19:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460179 NCLAT dismissed appeal challenging Competition Commission's approval of proposed combination under Section 31 of Competition Act, 2002. Tribunal held that where no prima facie case exists showing combination would cause appreciable adverse effect on competition within relevant market, Commission need not follow detailed procedures under Sections 29-30 and may directly approve under Section 31. Appellant failed to demonstrate elimination of major market players or adverse competitive effects. Both parties were foreign investment entities operating within B2B wholesale trading boundaries as defined by FDI Policy. Case-Laws Law of Competition Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460179