New Delhi: The Competition Appellate Tribunal will hear an appeal against fair trade regulator CCI's approval of the Rs 2,060 crore Jet-Etihad deal after three weeks.
The appeal was filed by former Air India Executive Director Jitender Bhargava challenging the decision of the Competition Commission of India (CCI) to clear the deal.
The tribunal today asked Jet Airways and Etihad Airways to file their replies in two weeks and posted the matter for hearing after three weeks. Following the appeal, Compat had issued notices to CCI, Jet and Etihad last month.
The CCI approved Abu Dhabi-based Etihad's acquisition of a 24 per cent stake in Naresh Goyal-led Jet Airways in November. The fair trade watchdog had said the transaction does not raise concerns of adverse competition issues.
09/01/14 PTI/Economic Times
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The appeal was filed by former Air India Executive Director Jitender Bhargava challenging the decision of the Competition Commission of India (CCI) to clear the deal.
The tribunal today asked Jet Airways and Etihad Airways to file their replies in two weeks and posted the matter for hearing after three weeks. Following the appeal, Compat had issued notices to CCI, Jet and Etihad last month.
The CCI approved Abu Dhabi-based Etihad's acquisition of a 24 per cent stake in Naresh Goyal-led Jet Airways in November. The fair trade watchdog had said the transaction does not raise concerns of adverse competition issues.
09/01/14 PTI/Economic Times
