SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

R. V. Ramgopal – Appellant
Versus
Shri Ram Transport Finance Company Ltd. – Respondent


ORDER UNDER SECTION 26(6) OF THE COMPETITION ACT, 2002

1. The present matter relates to information filed on 08.04.2011 under Section 19 (1) (a) of the Competition Act, 2002 (hereinafter referred to as "the Act") by Mr. R. V. Ramgopal alleging that M/s Shri Ram Transport Finance Company (hereinafter referred to as 'Opposite Party') has abused its dominant position by adopting unfair practices in the business of financing commercial vehicles.

2. The facts of the case as per the information, in brief, are as under:

2.1 The informant is engaged in the business of transportation of goods throughout the country. For his business, the informant requires lorries/trucks which he purchases from the open market, partly out of his own funds and partly by taking loans from different financiers.

2.2 The Opposite Party (OP), M/s Shri Ram Transport Finance Company is a registered Non-Banking Finance Company (NBFC) under the Reserve Bank of India Act, 1934 and is operating through its regional and branch offices located at different places in India. The OP is engaged in the business of providing finance for commercial vehicles, new as well as pre-owned and also provides finances for working capital,

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top