The Competition Appellate Tribunal (COMPAT) has stayed the roughly Rs 10,000 crore merger of cement giants Holcim and Lafarge, which in February had received Competition Commission of India (CCI) clearance with assistance from Cyril Amarchand Mangaldas advising.
Luthra & Luthra had applied for the stay before Compat on behalf of Dalmia cements, reported Business Standard.
Luthra partner Abdullah Hussain told the paper: “The Competition Appellate Tribunal (COMPAT) has today stayed the Holcim-Lafarge merger. This means Lafarge can’t sell its India assets to any buyer in the meantime.
“We argued before COMPAT that CCI’s second order is invalid as there is no provision under the Act which gives CCI the power to pass the second order when the first order has not been followed. COMPAT prima facie accepted our arguments and has stayed the operation of the CCI’s order till the next date of hearing.”
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AZB will be later this month or early next, I think...
Also, the SAM Delhi office has more partners than operative sections of the competition act, so surely someone if not pallavi can handle their work?
All of this is obviously moot if Nisha moves with Ashwath to AZB :)
What will happen to Samir? or will they run Delhi and Bombay separately?
Kian please confirm if any of this is true or if chemicals is on chemicals
BTW, all sections are operative but only 4 sections set out prohibitions/compliance provisions - you must be a SAM competition partner after all!
Stop scooting and study law. Something you ought to have done in law school, assuming you went to one.
Stay order certainly is a matter of concern in the international arena....Vodafone is still out there....
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