New Delhi: Carrying forward its probe into the Rs 2,300 crore buyout of Air Sahara by Jet Airways, MRTPC's investigative arm has issued notices to both the air carriers seeking details of the proposed acquisition.
Director General (Investigations and Registrations) of the Monopolies and Restrictive Trade Practices Commission (MRTPC) is looking into the mega deal to check whether it has resulted in creating a monopoly in the Indian aviation sector.
According to sources the Jet-Sahara deal deadline of March 24th could be extended.
"Notices have been issued to both the air carriers and they have been given around a week's time to file their reply," ministry sources said.
The probe by MRTPC runs parallel to the efforts by Jet to get a final nod from the government on the buyout. Faced with a March 24 deadline for finalising the deal, there are apprehensions that the carrier may have to seek an extension in the deadline or else the deal could come a cropper.
Asked whether the DGIR could also approach the Registrar of Companies (RoC) to seek details of the board meetings regarding the sale and purchase process, the sources said it could be a possibility.
"However, all these aspects are being looked into," they said.
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