HC rejects KF's plea against CCI probe into Jet alliance

Mumbai: The Bombay High Court on Wednesday dismissed Kingfisher Airlines’ application challenging a Competition Commission of India (CCI) notice that sought to inquire into Kingfisher’s alliance with Jet Airways.
The division bench of Justices JN Patel and CL Pangarkar dismissed the application, saying the case does not merit interference from the court, Union government lawyer Rui Rodrigues told ET.
Justice Patel and Justice Pangarkar were connected through video conference when the judgement was announced as they were not in the same courtroom. Justice Patel was in the Bombay High Court, while Justice Pangarkar was in Nagpur.
Kingfisher spokesperson said the company needs more time to formulate its future plan on the issue. The Competition Commission had ordered an inquiry in August last year after Kingfisher and Jet announced an alliance to rationalise their resources to reduce cost.
The commission wanted to investigate into the alliance to ensure that the deal would not create a monopoly in the aviation industry.
Kingfisher approached the court against the notice, challenging the jurisdiction of the commission.
01/04/10 Almas Meherally/Economic Times

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Categories: Jet Airways Apr 2010, Kingfisher Apr 2010