Delhi High Court Dismisses Plea Alleging 'Cartelization' In Air India-Vistara Merger

The Delhi High Court dismissed a plea challenging the Vistara-Air India merger, citing lack of jurisdiction and merit. The petitioner contended that the merger violated accounting standards and competition laws. The court found the plea inadequately supported by relevant facts and legal grounds, asserting that such issues are within the purview of regulatory authorities like SEBI and the Competition Commission. The judgment emphasized the need for proper forum selection in corporate disputes and compliance with regulatory frameworks governing mergers and acquisitions.