{"id":6671,"date":"2015-06-25T10:06:00","date_gmt":"2015-06-25T10:06:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=6671"},"modified":"2015-10-15T15:18:25","modified_gmt":"2015-10-15T09:48:25","slug":"allegations-of-unfair-trade-practices-against-bank-of-baroda-rejected","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2015\/06\/25\/allegations-of-unfair-trade-practices-against-bank-of-baroda-rejected\/","title":{"rendered":"Allegations of unfair trade practices against Bank of Baroda, rejected"},"content":{"rendered":"

Competition Commission of India (CCI): <\/span><\/b>While rejecting the allegations of unfair trade practices against Bank of Baroda in the market of commercial\/corporate loan in India, CCI closed an information filed by Uttarakhand-based firm Dhanvir Food Product in the matter. Said information was filed by Dhanvir Food Product, which had availed of a term loan of Rs 7.25 crore from the bank for construction of factory building and also to purchase plant and machinery, alleging that the penalty imposed by the Bank upon the Firm to foreclose the loan account was in violation of the guidelines issued by the Reserve Bank of India (RBI) and hence, arbitrary, unreasonable and anti-competitive. It was alleged in the information that the Bank had imposed a penalty of Rs.18,86,711\/- to foreclose the loan account of the Informant for the residual period of 65 months in terms of clause 25 of the sanction letter. After perusal of relevant documents and hearing both the parties, CIC observed, \u201cthe Informant has not provided any material to show that Opposite Party-2 (Bank of Baroda) have been imposing pre-payment penalty or foreclosure charges in pursuance of some agreement entered into by them with any other enterprise engaged in similar trade or business. Thus, prima facie, <\/i>no case of contravention of Section 3 can be made out against the Opposite Part-2 in the instant case.\u201d The Commission also turned down the contention of the Informant regarding abuse of dominant position by the Bank on the ground that as Bank of Baroda was not in dominant position in the relevant market, it cannot be held guilty of abuse of dominant position, Dhanvir Food Product <\/i>v. Bank of Baroda<\/i>, 2015 CCI 10<\/a>, decided on 02.06.2015<\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Competition Commission of India (CCI): While rejecting the allegations of unfair trade practices against Bank of Baroda in the market of commercial\/corporate <\/p>\n","protected":false},"author":3,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[2505],"class_list":["post-6671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tribunals_commissions_regulatorybodies","tag-Competition_Commission_of_India"],"yoast_head":"\nAllegations of unfair trade practices against Bank of Baroda, rejected | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Chartered Bank does not enjoy dominant position in the relevant market of \u201cprovision of credit card\/loan facilities by banks in India\u201d","author":"Sucheta","date":"June 30, 2015","format":false,"excerpt":"Competition Commission of India: CCI in its order under section 26(2) of the Competition Act, 2002 closed the case against the Standard Chartered Bank (SCB) for alleged abuse of dominant position. The Informant filed information alleging abuse of dominance by SCB in credit card service facility. It was alleged that\u2026","rel":"","context":"In "Tribunals\/Commissions\/Regulatory Bodies"","block_context":{"text":"Tribunals\/Commissions\/Regulatory Bodies","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/tribunals_commissions_regulatorybodies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6581,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/04\/22\/heavy-penalty-imposed-upon-verifone-india-sales-pvt-ltd-for-indulging-in-unfair-trade-practices\/","url_meta":{"origin":6671,"position":1},"title":"Heavy penalty imposed upon Verifone India Sales Pvt. Ltd. for indulging in unfair trade practices","author":"Sucheta","date":"April 22, 2015","format":false,"excerpt":"Competition Commission of India (CCI): While holding Verifone India Sales Pvt. Ltd. guilty of indulging in unfair trade practices and abuse of dominant market position in POS terminal market, CCI imposed a penalty of approximately Rs 4.5 crore on the Company. Verifone India Sales Pvt. Ltd. is a wholly-owned subsidiary\u2026","rel":"","context":"In "Tribunals\/Commissions\/Regulatory Bodies"","block_context":{"text":"Tribunals\/Commissions\/Regulatory Bodies","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/tribunals_commissions_regulatorybodies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":116151,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/25\/penalty-imposed-against-coal-india-ltd-its-subsidiaries-for-abusing-dominant-position\/","url_meta":{"origin":6671,"position":2},"title":"Penalty imposed against Coal India Ltd. & its subsidiaries for abusing dominant position","author":"Saba","date":"March 25, 2017","format":false,"excerpt":"Competition Commission of India:The Competition Commission of India (CCI) has found Coal India Limited (CIL) and its subsidiaries to be in contravention of the provisions of Section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair\/discriminatory conditions in Fuel Supply Agreements (FSAs) with the power producers for supply of non-coking\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case 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3x"},"classes":[]},{"id":6523,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/01\/28\/complaint-alleging-anti-competitive-practices-by-12-banks-in-gold-loan-business-dismissed\/","url_meta":{"origin":6671,"position":3},"title":"Complaint alleging anti-competitive practices by 12 Banks in gold loan business, dismissed","author":"Sucheta","date":"January 28, 2015","format":false,"excerpt":"Competition Commission of India (CCI):\u00a0CCI has rejected an information filed by Muthoot Mercantile Ltd. alleging that 12 commercial banks including State Bank of India had entered into an anti-competitive arrangement to determine the price and control the gold loan business and formed a cartel for offering and marketing gold loan\u2026","rel":"","context":"In "Tribunals\/Commissions\/Regulatory Bodies"","block_context":{"text":"Tribunals\/Commissions\/Regulatory Bodies","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/tribunals_commissions_regulatorybodies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6656,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/06\/11\/allegations-of-unfair-business-practices-against-automobile-company-maruti-suzuki-india-ltd-dismissed\/","url_meta":{"origin":6671,"position":4},"title":"Allegations of unfair trade practices against automobile company Maruti Suzuki India Ltd., dismissed","author":"Sucheta","date":"June 11, 2015","format":false,"excerpt":"Competition Commission of India (CCI):\u00a0CCI has rejected allegations of \u201cunfair trade practices\u201d against automobile company Maruti Suzuki India Ltd. on the ground that prima facie, no case of contravention of the provisions of either Section 3 or Section 4 of the Competition Act, 2002 was made out against the Company.\u2026","rel":"","context":"In "Tribunals\/Commissions\/Regulatory Bodies"","block_context":{"text":"Tribunals\/Commissions\/Regulatory Bodies","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/tribunals_commissions_regulatorybodies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 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