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India: CCI rejects complaint against Bank of India

By  |  July 8, 2015

Competition Commission has dismissed allegations of unfair business practices made against realty firm Swadesh Developers and Colonisers and public sector lender Bank of India.

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    After finding no prima-facie evidence of competition norms’ violations by the two entities, the fair trade regulator decided to reject the allegations.

    The complaint pertains to the booking of a duplex, developed by Swadesh Developers in Bhopal and that the developer insisted on availing loan from Bank of India.

    In its order dated July 2 and made public today, the watchdog said there is “no prima facie case” of competition norms being violated by the entities.

    Full content: The Economic Times

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