The Indian Competition Authority fines electricity company for failing to notify acquisition within required deadline (General Electric)

CCI penalizes General Electric (GE) for failure to notify its proposed acquisition of equity stakes in Alstom* CCI by its order dated February 16, 2016 has penalized GE Energy Europe B.V., GE and GE Industrial France SAS (collectively, the “Acquirers”) for failure to notify a proposed combination in terms of Section 6(2)(b) of the Competition Act, 2002(Act) read with Regulation

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Author

  • Vaish Associates, Advocates (New Delhi)

Quotation

Man Mohan Sharma, The Indian Competition Authority fines electricity company for failing to notify acquisition within required deadline (General Electric), 16 February 2016, e-Competitions Bulletin February 2016, Art. N° 87724

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