Govt mulls changes in law to fast-track CCI nod
New Delhi, March 3 -- The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over bankruptcy rescues, two people informed of the development said. The apex court had mandated a 'non-negotiable' prior CCI nod for resolution plans containing an acquisition or merger, as well as full-fledged investigations into deals posing competition concerns....
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