CCI dismisses allegations against Vatika Ltd. & CREDAI
CCI dismisses allegations against Vatika Ltd. & CREDAI

CCI has dismissed allegations of abuse of dominant position by Vatika Ltd. and cartelization by CREDAI and its members, holding no case of contraventions of S. 3 and 4 of the Act.

The information was filed by Mr. Ranjit Gujral alleging that Vatika had imposed unfair terms and conditions in the Buyer’s Agreement, demanded installment money without performing its own contractual obligations and refused to let him visit the site.

Also, that CREDAI and its members, including Vatika had participated in cartelization by incorporating standard clauses in their Agreements.

CCI observed that:

  • The relevant market would be ‘market for the provision of services for development and sale of residential plots in Gurugram’ and not the ‘market of residential plots in residential plotted colonies in Northern Peripheral Road Corridor’.
  • Vatika faces sufficient competitive constraints from various other competitors and is not in a dominant position in relevant market.
  • CREDAI has taken various efforts to comply with order of CCI and the Competition Act. Hence, the allegation of forming cartel has no merit.

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