Delhi HC upholds CCI decision of Vistara-Air India merger
AVIATION & AIRPORTS

Delhi HC upholds CCI decision of Vistara-Air India merger

The Delhi High Court has rejected a petition against the Competition Commission of India's (CCI) approval of the merger of Tata SIA Airlines, operating as Vistara, with Air India. The petition was filed by Captain Deepak Kumar, a former Air India pilot, who alleged cartelisation and bid rigging in the merger. However, the antitrust watchdog had dismissed his plea in December, citing the absence of substantive evidence.

Kumar then moved the High Court, alleging that the Commission passed the order without conducting any inquiry. Justice Sanjeev Narula, while upholding the CCI?s order, noted that Kumar's plea contained numerous unsubstantiated and reckless allegations not supported by evidence and appeared to be driven by malice.

"The claims are made without any regard for truth and appear to be designed to manipulate or mislead. This approach not only discredits the Petitioner?s credibility but also burdens the legal system unnecessarily. Therefore, in the court?s view, given the absence of any substantiated claims and the apparent malicious intent behind the allegations, the present petition lacks merit,? the court stated.

The High Court also observed that Kumar's petition included "numerous unsubstantiated, wild, and scandalous allegations against the Prime Minister and a former Chief Justice of India," none of which were supported by documentary evidence.

In November 2022, the Tata Group and Singapore Airlines announced their plan to merge Vistara into Air India, which would give the Tata Group at least a 51% stake in the merged entity. Singapore Airlines would hold a minority stake of 25.1%. (Source: ET)

The Delhi High Court has rejected a petition against the Competition Commission of India's (CCI) approval of the merger of Tata SIA Airlines, operating as Vistara, with Air India. The petition was filed by Captain Deepak Kumar, a former Air India pilot, who alleged cartelisation and bid rigging in the merger. However, the antitrust watchdog had dismissed his plea in December, citing the absence of substantive evidence. Kumar then moved the High Court, alleging that the Commission passed the order without conducting any inquiry. Justice Sanjeev Narula, while upholding the CCI?s order, noted that Kumar's plea contained numerous unsubstantiated and reckless allegations not supported by evidence and appeared to be driven by malice. The claims are made without any regard for truth and appear to be designed to manipulate or mislead. This approach not only discredits the Petitioner?s credibility but also burdens the legal system unnecessarily. Therefore, in the court?s view, given the absence of any substantiated claims and the apparent malicious intent behind the allegations, the present petition lacks merit,? the court stated. The High Court also observed that Kumar's petition included numerous unsubstantiated, wild, and scandalous allegations against the Prime Minister and a former Chief Justice of India, none of which were supported by documentary evidence. In November 2022, the Tata Group and Singapore Airlines announced their plan to merge Vistara into Air India, which would give the Tata Group at least a 51% stake in the merged entity. Singapore Airlines would hold a minority stake of 25.1%. (Source: ET)

Next Story
Infrastructure Transport

Aviation Tech Leader Expands in India

An aviation technology leader has announced a significant expansion in India, aiming to enhance its technological footprint in the burgeoning market. This strategic move underscores the company's commitment to innovation and growth in the aviation sector. India, with its rapidly growing aviation industry, presents a fertile ground for technological advancements. The aviation tech leader's expansion aligns with the country's increasing demand for cutting-edge solutions that improve operational efficiency, safety, and customer experience. By establishing a more robust presence in India, the comp..

Next Story
Real Estate

Maharashtra Relaxes Rules for Buildings

The Maharashtra government has announced a relaxation in open space requirements for commercial buildings with glass facades, a move expected to significantly impact urban development and the real estate sector in the state. This decision aims to promote modern architectural designs and boost economic growth by encouraging the construction of high-rise buildings with contemporary aesthetics. The relaxation in regulations will allow developers to optimize land use, particularly in densely populated urban areas where space is a premium commodity. By reducing the mandatory open space around comme..

Next Story
Real Estate

JSW Infrastructure Buys Navi Mumbai Office

JSW Infrastructure has made a significant move in the commercial real estate market by acquiring office space worth Rs 88 crore in Navi Mumbai's Nerul area. This purchase marks a strategic expansion for the company, enhancing its footprint in a key commercial hub and aligning with its broader business growth and infrastructure development objectives. Navi Mumbai, known for its well-planned infrastructure and connectivity, has become a prime location for businesses seeking modern office spaces. The acquisition by JSW Infrastructure underscores the company's commitment to leveraging strategic re..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000