New Delhi: Taking strong objection to Jet and Sahara not informing it of the failure of their proposed merger, the Monopolies and Restrictive Trade Practices Commission (MRTPC) has directed its investigative arm to file an updated report on the current situation.
MRTPC, looking into issues of cartelisation of the Indian aviation sector through the proposed merger, flayed both the airlines for failure to inform it of the failed deal.
"It would be appropriate if Director General of Investigation and Registration (DGIR) updates its investigation report," MRTPC acting Chairman M L K Sardana said.
The Commission also observed that both the parties were engaged in litigation in various courts, including the Apex court.
MRTPC listed for September another petition, filed by Ahmedabad-based Consumer Education and Research Society that had questioned the proposed merger.
MRTPC had taken cognizance of the deal after the Prime Minister's Office intervened in the matter on a complaint of BJP MP Uday Singh who demanded a probe into the merger.
Its investigating arm had, however, given a go-ahead to the deal after finding nothing wrong in it. It had not found violation of any provision of the MRTPC Act in the deal.
Jet had proposed to acquire Sahara in January this year. The announcement created factions among sections of the industry on apprehensions that it could lead to a monopolisation of Indian skies as Jet enjoyed a dominant position in the aviation sector, which could further go up after the merger with Sahara.
But after the failure of the deal in June, both the airlines are engaged in a courtroom battle.
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