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)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 Urban

Designing Human-Centric High-Rises

The Institution of Engineers (India) (IEI), Navi Mumbai Local Centre, under the aegis of the Architectural Engineering Division Board, organised a one-day national seminar, ‘Reaching New Heights – Overcoming High-Rise Construction Challenges’, at CBD Belapur, Navi Mumbai.The seminar brought together architects, engineers, planners, developers, academicians and industry professionals to deliberate on the design, construction, operation and sustainability of tall buildings in rapidly urbanising cities...To read the full article Click Here ..

Next Story
Infrastructure Urban

Carbon-negative and ultra-low carbon are not just claims!

In an interaction with Construction World, Tarun Jami, Founder, GreenJams, explains how the company is cutting cement’s carbon footprint by 80 per cent through Binder, while scaling innovations such as Agrocrete® and Novastone to make buildings lighter, faster and carbon-negative.Agrocrete® is positioned as a carbon-negative material. What does this mean for developers?For developers, Agrocrete® offers a practical way to reduce embodied carbon at the material level. Since walling forms a significant part of a building’s material footprint, using carbon-negative blocks can bring the net ..

Next Story
Technology

Crushing Goes Green

If the past few years have seen sustainability emerge as a buzzword in the design of commercial spaces, the next few years will see the focus shift to ‘experience’. Workplaces that prioritise superior employee experiences consistently report stronger talent attraction and higher retention rates and productivity, while using resources sustainably.First things first; what sort of experiences are expected from a workplace?As Vandana Dhawan Saxena, Founder and Design Principal, Studio IV Designs, explains, “Offices have grown into environments that need to support various kinds of experience..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement