• Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • DMCA
  • Terms of Use
Monday, July 4, 2022
NEW EXPRESS NEWS
  • HOME
  • US NEWS
  • INDIA
  • EUROPE
  • WORLD
  • GULF NEWS
  • BUSINESS
  • HEALTH
  • RELIGIOUS
  • SPORTS
  • TECHNOLOGY
  • LIFESTYLE
No Result
View All Result
  • HOME
  • US NEWS
  • INDIA
  • EUROPE
  • WORLD
  • GULF NEWS
  • BUSINESS
  • HEALTH
  • RELIGIOUS
  • SPORTS
  • TECHNOLOGY
  • LIFESTYLE
No Result
View All Result
NEW EXPRESS NEWS
No Result
View All Result

NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart

by NEWS DESK
March 12, 2020
in BUSINESS
0 0
0
0
SHARES
4
VIEWS
ShareShareShareShareShare

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart
Image Source : FILE

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's USD 16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal.

NCLAT also said Flipkart was not even made party by CAIT in its plea. "We find no merit in it, accordingly the appeal is dismissed," said NCLAT, upholding the CCI nod to the deal. The appellate tribunal also observed that the deal would add value to the Flipkart platform.

The Competition Commission of India (CCI) on August 8, 2018 had said it has approved US retail giant Walmart's acquisition of Flipkart. NCLAT had reserved its order on CAIT's plea in January last year.

Also Read; Flipkart co-founder Sachin Bansal's wife files dowry harassment case against him

Also Read: Walmart fires over 100 top executives in India: Report

Previous Post

SBI Cards IPO: Yes Bank customers’ may not get SBI Card IPO shares allotment; here’s why

Next Post

Ordnance Factory Board Announces 56th Trade Apprentice Result

Related Posts

BUSINESS

Govt warns e-com platforms against illegally selling wireless jammers

July 4, 2022
0
BUSINESS

Highest 28% GST on luxury, sin goods to continue: Revenue Secretary Tarun Bajaj

July 4, 2022
0
BUSINESS

Sensex climbs nearly 160 points, Nifty at 15,797 in early trade

July 4, 2022
0
BUSINESS

HDFC and HDFC Bank merger proposal gets nod from stock exchanges

July 3, 2022
0
BUSINESS

Windfall tax to recoup most of Rs 1 lakh crore revenue lost in excise cuts

July 3, 2022
0
BUSINESS

Tesla’s Q2 sales drop amid problems of supply chain, COVID-19 pandemic

July 2, 2022
0
Next Post

Ordnance Factory Board Announces 56th Trade Apprentice Result

Browse by Category

  • arts and entertainment
  • BUSINESS
  • EDUCATION
  • EUROPE
  • GULF NEWS
  • HEALTH
  • INDIA
  • LIFESTYLE
  • NEWS
  • RELIGIOUS
  • SCIENCE
  • SPORTS
  • TECHNOLOGY
  • Uncategorized
  • US NEWS
  • WORLD
NEW EXPRESS NEWS

Follow Us

  • MALAYALAM NEWS

© 2020 NEW EXPRESS NEWS

  • HOME
  • US NEWS
  • INDIA
  • EUROPE
  • WORLD
  • GULF NEWS
  • BUSINESS
  • HEALTH
  • RELIGIOUS
  • SPORTS
  • TECHNOLOGY
  • LIFESTYLE

© 2020 NEW EXPRESS NEWS

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In