In a first, the Competition Commission of India (CCI) has stated in an order dated November 28, 2011 that a notice is not a valid notice in terms of Section 6 of the Competition Act, 2002.
Fomento (Karnataka) Mining Company Private Limited's notice for acquisition of the Redi Business of Tata Metaliks was held not be a valid notice as the thresholds mentioned under Section 5 of the Competition Act, 2002 were not met.
The order can be accessed here.
Fomento (Karnataka) Mining Company Private Limited's notice for acquisition of the Redi Business of Tata Metaliks was held not be a valid notice as the thresholds mentioned under Section 5 of the Competition Act, 2002 were not met.
The order can be accessed here.
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