A PYMNTS Company

Pakistan: CCP wins changes against contracts for car buyers

 |  November 14, 2013

The Competition Commission of Pakistan announced it has settled a dispute with Indus Motor Company over the firm’s booking order that reportedly included anticompetitive terms and conditions for buying a new automobile.

The CCP reportedly received complaints over IMC’s booking order and, following a review, the regulator found the terms to be anticompetitive to consumers and subsequently sent the company a show-cause.

According to reports, during the hearing the company amended their terms and conditions that allows consumers to change or cancel the contract should IMC not deliver a car to a customer on time.

The CCP has reportedly accepted the changes.

Full Content: Daily Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.