CCI Dismisses Complaint Against Indiabulls, Says Pre-Payment Penalty Not Anti-Competitive
Pranav B Prem The Competition Commission of India (CCI), while rejecting allegations of abuse of dominance and anti-competitive practices against Indiabulls Housing Finance Limited (OP-1), has held that imposition of a pre-payment penalty by a finance company on the end-consumer does not amount to an anti-competitive agreement under the Competition Act, 2002.