•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Luthra wins stay of CAM's Holcim-Lafarge mega-merger before Compat

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.”

Click to show 18 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.