Supreme Court of India

Scm Solifert Limited & Anr. v. Competition Commission of India

Neutral citation
Bench Arun Mishra and Navin Sinha JJ.
Decided 17 April 2018

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

1 Supreme Court bench has cited this judgment.

From the 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 – Appellants filed notice 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 tribunal – On appeal, held: Under…

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