CCI rejects charges against Noida, Greater Noida authorities
10 Feb 2015 10:48 PM GMT
Competition watchdog has dismissed charges that the New Okhla Industrial Development Authority (NOIDA), Yamuna Expressway Industrial Development Authority and Greater Noida Industrial Development Authority indulged in unfair business ways with respect to allotment of land.
As per a complaint filed with the Competition Commission of India (CCI), the three entities were accused of abusing their dominant market positions by imposing discriminatory and unfair terms and conditions on the land allottees.
In its order released today (Monday), the fair trade regulator said that “no prima facie case of contravention of the provisions of...the (Competition) Act is made out against the opposite parties in the instant matter”.
“Accordingly, the matter is closed...,” it added.
CCI observed that “the alleged conduct of the opposite parties like allotment of land on leasehold basis, bribery etc do not appear to fall in the category of abuse in terms of the provisions... of the Act.”
The complainant had alleged, among others, that the allottees had no right over the property and were made to run after the officials for seeking various permissions and were made to pay huge amount of money as bribe.
As per a complaint filed with the Competition Commission of India (CCI), the three entities were accused of abusing their dominant market positions by imposing discriminatory and unfair terms and conditions on the land allottees.
In its order released today (Monday), the fair trade regulator said that “no prima facie case of contravention of the provisions of...the (Competition) Act is made out against the opposite parties in the instant matter”.
“Accordingly, the matter is closed...,” it added.
CCI observed that “the alleged conduct of the opposite parties like allotment of land on leasehold basis, bribery etc do not appear to fall in the category of abuse in terms of the provisions... of the Act.”
The complainant had alleged, among others, that the allottees had no right over the property and were made to run after the officials for seeking various permissions and were made to pay huge amount of money as bribe.
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