On
The NCLAT noted the CCI's observations in paragraph 13 of the Order, where it was observed that the CCI is not inclined to examine TML's conduct, since TML did not have any significant market power in the passenger vehicles market.
The NCLAT also noted paragraph 14 of the Order, where the CCI had noted that the Informant appears to be more aggrieved of the alleged high interest charged by the Respondent along with the legal notice dated
In light of this, the NCLAT was satisfied that the purpose for filing information was not with a view to raise an issue for violation of Sections 3 & 4 of the Competition Act, but to settle the Informant's grievance.
Accordingly, the NCLAT dismissed the appeal.
Footnote
1 Competition Appeal (AT) No.19 of 2022.
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