As the turnover and assets of the target group was more than the threshold limit prescribed under the Competition Act, 2002, approval was needed to proceed with the combination. The approximate Turnover of the Target Group i.e. Dilip Buildcon Limited as on 31.03.2017 was INR 8000 Crore. CCI had vide its order dated March 2018 gave the approval to Shrem Group subject to provisions of Section 43A of the Competition Act.

The Show Cause Notice issued by CCI under Section 43A was also successfully contested by Singh & Associates. The S&A Team was led by Mr. Manoj K Singh, Founding Partner, Ms. Daizy Chawla, Senior Partner, Corporate Group.