Mb Geeta Education Society v. Varthana Finance Pvt. Ltd.
Case brief
What is this about?
The Competition Commission dismissed an information alleging abuse of dominant position by a finance company. Finding no prima facie case of dominance or contravention of Sections 3 and 4, the Commission closed the matter under Section 26(2) and rejected interim relief.
What the court decided
COMPETITION COMMISSION OF INDIA
Case No. 23 of 2022
In Re :
MB Geeta Education Society Ward No. 7, Gharaunda, District: Karnal, Haryana
Informant
And
Varthana Finance Pvt. Ltd . 3rd Floor, No. 5BC-110 Service Road, 3rd Block, HRBR Layout, Bangalore – 560043
Opposite Party
CORAM
Mr. Ashok Kumar Gupta Chairperson
Ms. Sangeeta Verma Member
Mr. Bhagwant Singh Bishnoi Member
Issues for consideration
3 issues framed by the court
Whether a prima facie case exists of abuse of dominant position under Sections 3 and 4 of the Competition Act.
Whether the respondent holds a dominant position in the relevant market for school infrastructure loans.
Whether the filing of a recovery proceeding by the respondent should be examined under competition law.
Parties & counsel
- applicant
MB Geeta Education Society
- respondent
Varthana Finance Pvt. Ltd
Coram
Ashok Kumar Gupta
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