Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
Abuse of dominant position allegations against an exchange found not prima facie; regulator reliance on sectoral expertise upheld and no investigation...
All appeals dismissed; finding of anti-competitive bid-rigging upheld under Sections 3(3)(c), 3(3)(d) read with 3(1); cease-and-desist and total-turno...
CCI dismissed allegations of anti-competitive practices against a financial institution. The Commission found no merit in claims of arbitrary interest rate changes, noting that rates are determined by multiple parameters like CIBIL score and risk assessment. Regarding back interest charges, the Commission viewed the dispute as a contractual matter outside competition law's scope. The allegation of collusion with valuers to undervalue properties under SARFAESI proceedings was rejected due to lack of evidentiary support. Ultimately, the Commission concluded no prima facie case of Section 3 or 4 violations existed and directed closure of the matter under Section 26(2) of the Competition Act, 2002.
CCI dismissed allegations of anti-competitive practices against a financial institution. The Commission found no merit in claims of arbitrary interest rate changes, noting that rates are determined by multiple parameters like CIBIL score and risk assessment. Regarding back interest charges, the Commission viewed the dispute as a contractual matter outside competition law's scope. The allegation of collusion with valuers to undervalue properties under SARFAESI proceedings was rejected due to lack of evidentiary support. Ultimately, the Commission concluded no prima facie case of Section 3 or 4 violations existed and directed closure of the matter under Section 26(2) of the Competition Act, 2002.
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