https://www.taxtmi.com/caselaws?id=762017 CCI dismissed a complaint alleging anti-competitive agreements and abuse of dominant position by a housing finance company regarding excessive interest rates and pre-payment penalties. The Commission found the relevant market for loan against property services in India to be competitive with numerous banks, NBFCs, and housing finance companies present. Dominance of the respondent was not established despite its significant market share in Delhi-NCR. The Commission held that agreements with end-consumers do not constitute anti-competitive agreements under Section 3, and no prima facie case existed under Sections 3 or 4 of the Competition Act, 2002. Matter closed under Section 26(2). en-us Mon, 22 Jul 2024 00:00:00 +0530 Wed, 20 Nov 2024 13:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762017 CCI dismissed a complaint alleging anti-competitive agreements and abuse of dominant position by a housing finance company regarding excessive interest rates and pre-payment penalties. The Commission found the relevant market for loan against property services in India to be competitive with numerous banks, NBFCs, and housing finance companies present. Dominance of the respondent was not established despite its significant market share in Delhi-NCR. The Commission held that agreements with end-consumers do not constitute anti-competitive agreements under Section 3, and no prima facie case existed under Sections 3 or 4 of the Competition Act, 2002. Matter closed under Section 26(2). Case-Laws Law of Competition Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762017