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CCI told to review nod for HNGIL buy
Mint New Delhi
|July 09, 2025
AGI Greenpac moved HC after CCI allegedly did not consider its representation challenging INSCO's approval
The Delhi high court on Tuesday gave the antitrust regulator Competition Commission of India (CCI) 10 days to decide on packaging manufacturer AGI Greenpac's plea challenging its fast-track 'green channel' approval to Independent Sugar Corp. (INSCO), the Indian arm of Uganda's Madhvani Group, for acquiring Hindustan National Glass and Industries Ltd (HNGIL).
Justice Sachin Datta's bench granted relief to AGI Greenpac, whose ₹2,752 crore approved plan was earlier quashed by the Supreme Court due to procedural lapses.
AGI Greenpac approached the high court after the CCI allegedly did not consider its representation challenging INSCO's approval.
On 4 June, Greenpac wrote to CCI urging it to withdraw the green channel clearance.
This story is from the July 09, 2025 edition of Mint New Delhi.
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