Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
The Commission perused the material and public domain information. The Informant alleged unfair and discriminatory interest rate hikes, frequent increases, and pre-payment penalties by OP-1, creating barriers for new entrants as consumers would be disinclined to switch due to potential losses. Conduct allegedly violated Sections 3(1), 3(2), and 4 of the Competition Act, 2002. The relevant market was delineated as 'provision of loan against property in India'. OP-1's dominance was not established due to the competitive presence of numerous banks, NBFCs, and housing finance companies. Allegations of aftermarket abuse were rejected as misplaced. No prima facie case was made out u/ss 3 and 4. The matter was closed u/s 26(2) as no competition concerns arose.
The Commission perused the material and public domain information. The Informant alleged unfair and discriminatory interest rate hikes, frequent increases, and pre-payment penalties by OP-1, creating barriers for new entrants as consumers would be disinclined to switch due to potential losses. Conduct allegedly violated Sections 3(1), 3(2), and 4 of the Competition Act, 2002. The relevant market was delineated as 'provision of loan against property in India'. OP-1's dominance was not established due to the competitive presence of numerous banks, NBFCs, and housing finance companies. Allegations of aftermarket abuse were rejected as misplaced. No prima facie case was made out u/ss 3 and 4. The matter was closed u/s 26(2) as no competition concerns arose.
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