Form II is for greater disclosure of a deal if the merged entity breaches a certain threshold
The Competition Commission of India (CCI) is in the process of filing a written submission before the National Company Law Appellate Tribunal (NCLAT). The antitrust watchdog may communicate to the tribunal about holding the right to revoke its own decision if the information furnished to it is incomplete and/or incorrect, said people in the know.
NCLAT is hearing Amazon’s plea against CCI order on suspending its deal with Future Coupons (FCPL). Arguments from both sides concluded last week, it is learnt.
The tribunal has asked all parties, including Amazon, CCI, and Future, to file written submissions by April 25. The tribunal will then decide the fate of the two-year-old approval for the Amazon-Future deal.
First Published: Apr 21 2022 | 06:08 AM IST