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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.

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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