 "CCI")
The government is exploring legal options to break the logjam created by the absence of all three members at the quorum of the Competition Commission of India (CCI). This has delayed approvals of 16 merger deals, according to government sources.
The Centre is seeking solutions within the statutory framework of the Competition Act to speed up the approvals without full strength of the quorum.
Various industry bodies had flagged the issue to the government as it had kept the future of thousands of crores worth of deals hanging.
Section 22 of the Competition Act mentions, “...All questions which come up
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