CCI rejects complaint against Supertech

CCI rejects complaint against Supertech New Delhi: The Competition Commission Tuesday rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech, as the fair trade regulator did not find any evidence to support the charges.

There is nothing on record which gives any evidence of dominance of Supertech, the regulator said in an order dated October 4.

The Commission said that it finds that no prima facie case has been made out against Supertech for violation of the provisions of the Act and referring the matter to Director General for investigation.

"Therefore, the dominant position of the opposite party (Supertech) in the relevant market is not made out under section 4 of the Act. The question of abuse of dominance, therefore, does not arise," it added.

The complaint was moved by Shivang Agarwal and Shubham Agarwal, who had booked one flat each on payment of Rs 51,000 each.

The Commission said the grievance of the informants apparently shows infringement of contractual terms ad idem.

According to the informants, even though they were informed that no preferential location charges would be levied on flat on 12th floor and above, the realty firm raised demand for the same.

They alleged that Supertech was arbitarily deciding the price and raising demand contrary to the agreed terms.

PTI