Supreme Court of India refuses to stay probe into alliance between Kingfisher Airlines and Jet Airways

The Supreme Court Bench comprising of the Chief Justice of India Justice S.H. Kapadia and Justices K.S. Radhakrishnan along with Swatanter Kumar, has refused to interfere in the investigations being conducted by Competition Commission of India (CCI) into an alliance between Kingfisher Airlines and Jet Airways. The Vijay Mallya owned Kingfisher Airlines was forced to withdraw its SLP by Senior Advocate Ashok Desai, on September 24. Competition Law Partner, Samir Gandhi said, “The Supreme Court’s decision is significant not only because it will allow the CCI to proceed with its investigation into the alliance between Kingfisher and Jet, but also because it sends out a clear message that it is unwilling to interfere with the investigations conducted by the Director General and the CCI at every stage”.

Supreme Court of India refuses to stay probe into alliance between Kingfisher Airlines and Jet Airways barandbench.com Tue, Sep 28, 2010