Competition Law Newsletter – August 2023

Click HereDownload
In the latest edition of the monthly DSK Legal Competition Law Newsletter we cover a significant order passed by the Delhi High Court and Madras High Court each, while an order of the National Company Law Appellate Tribunal in a rare challenge to a merger approval, along with notable enforcement and combination orders passed by the Commission in the month of July 2023

Introducing the DSK Legal Competition Law Newsletter August 2023

Welcome to the latest installment of the DSK Legal Competition Law Newsletter August 2023, your authoritative source for the most recent developments in the dynamic field of competition law. In this edition, we delve into the legal landscape shaped by groundbreaking orders and decisions that have transpired over the course of the past month. Our comprehensive coverage spans pivotal rulings from the Delhi High Court and the Madras High Court, an illuminating judgment by the National Company Law Appellate Tribunal, and a slew of noteworthy enforcement and combination orders issued by the esteemed Competition Commission of India (CCI) during the eventful July of 2023.

High Court Highlights:

  1. Delhi High Court’s Landmark Verdict on Patent Act vs. Competition: In a landmark judgment that holds far-reaching implications, the Delhi High Court adjudicates on the intricate interplay between the Patents Act and competition principles. This ruling promises to shape the contours of future legal discourse at the crossroads of intellectual property and competition law.
  2. Madras High Court Resolves Mimda-Pricol Stake Tussle: An enthralling legal battle revolving around stakeholdings takes center stage as the Madras High Court vacates a stay, deferring the authority to the Competition Commission of India (CCI) to arbitrate the Mimda-Pricol stake dispute. This decision marks a significant stride towards fostering fair competition and transparent market practices.

NCLAT’s Momentous Dismissal:

  1. NCLAT’s Dismissal of Challenges to CCI’s Approval of HNG-AGI Greenpac Merger: The National Company Law Appellate Tribunal (NCLAT) delivers a resounding dismissal of multiple challenges mounted against the CCI’s groundbreaking approval of HNG’s acquisition by AGI Greenpac. This rare challenge to a merger approval showcases the robustness of the regulatory framework in the face of legal scrutiny.

CCI’s Regulatory Enactments:

  1. CCI’s Dismissal of Complaint against IRDAI: The CCI weighs in on a complaint involving the Insurance Regulatory and Development Authority of India (IRDAI), dismissing the allegations and reaffirming the regulatory watchdog’s commitment to upholding competition in the insurance sector.

Eminent Combination Approvals:

  1. Manipal Group Temasek and TPG’s Combination Approval: The CCI grants its approval to the combination involving Manipal Group, Temasek, and TPG. This pivotal decision highlights the Commission’s dedication to promoting a balanced competitive landscape while facilitating strategic collaborations.
  2. General Atlantic’s Acquisition of Acko Tech – Conditional Approval: A significant acquisition involving Acko Tech and General Atlantic secures the CCI’s green light, subject to specified commitments. This noteworthy nod exemplifies the CCI’s meticulous evaluation of combinations to safeguard market equilibrium.

We trust that this compilation of momentous legal orders and decisions serves as an indispensable resource for legal practitioners, scholars, and stakeholders invested in the ever-evolving realm of competition law. Should you require further elucidation on any aspect covered within this edition, please do not hesitate to reach out. Our mission remains resolute—to provide you with an insightful and comprehensible analysis of the latest in competition law.

______________________________________________________________________________

Disclaimer: The content provided in this newsletter is for informational purposes only and does not constitute legal advice.

Join our community on LinkedIn. Click Here