New Delhi: The Competition Appellate Tribunal (Compat) on Monday asked former Air India executive director Jitender Bhargava to consider withdrawing his appeal against fair trade watchdog CCI’s approval of the Rs 2,060-crore Jet-Etihad deal and file it before an appropriate authority such as a high court or the Supreme Court.
For now, though, the tribunal has posted the matter for further hearing on February 24.
During the proceedings, counsel on behalf of Bhargava repeatedly sought to impress upon the court that Bhargava as a public-spirited person and a person, who is “intimately familiar” with the working of the aviation sector has the requisite locus standi to raise an objection against the approval granted by the fair trade regulator, adding that as per the Competition Commission of India Act, any person aggrieved with an order or direction of the CCI could approach the Compat.
However, the tribunal, in response, told Bhargava that the locus standi in such a case would rest with a competing airline and not with a pro-bono petitioner such as Bhargava.
11/02/14 Kaushal shroff/Financial Express
To Read the News in full at Source, Click the Headline
For now, though, the tribunal has posted the matter for further hearing on February 24.
During the proceedings, counsel on behalf of Bhargava repeatedly sought to impress upon the court that Bhargava as a public-spirited person and a person, who is “intimately familiar” with the working of the aviation sector has the requisite locus standi to raise an objection against the approval granted by the fair trade regulator, adding that as per the Competition Commission of India Act, any person aggrieved with an order or direction of the CCI could approach the Compat.
However, the tribunal, in response, told Bhargava that the locus standi in such a case would rest with a competing airline and not with a pro-bono petitioner such as Bhargava.
11/02/14 Kaushal shroff/Financial Express
