Financial Institution Cleared of Anti-Competitive Practices: Interest Rates, Valuation Claims Dismissed Lacking Substantive Evidence

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....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.....