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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