CCI imposes highest merger control penalty ever - 5 Crore!April 19 2016
An order passed in February this year, but published on the Competition Commission of India's website yesterday, has imposed the highest merger control penalty in the history of the country. The penalty, imposed on General Electric over the GE-Alstom deal, is due to the GE’s failure to give notice of the transaction to the Commission as per the Combination Regulations.
More specifically, the 5 crore penalty has been imposed for failing to give notice to the Commission within 30 days of the public announcement . . .
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