NEW DELHI (INDIA): The Competition Commission of India (CCI) on Tuesday dismissed allegations of abuse of dominance against Karnataka-based realty firm SJR Enterprises with regard to a residential project in Bengaluru.
The complaint filed by one V Sreedhar Reddy was against Bren Corporation, apart from SJR Enterprises. Both the firms are under a common management.
Among others, it was alleged that OPs (opposite parties) were pestering the flat owners for maintenance charges without providing certain amenities and services.
The complaint pertained to SJR Luxuria in Bengaluru and Reddy is a resident there.
For the case, the Competition Commission of India (CCI) considered the market for “provision of services for development and sale of residential apartments and flats in Bangalore” as the relevant one.
In an order dated August 8, the CCI noted that as per the information available in the public domain, there are many major real estate developers operating and competing with SJR Enterprises in the relevant market.
“The presence of large and significant players acts as a competitive restraint upon OP-1 (SJR Enterprises) from acting independently of the market forces in the relevant market,” the CCI said.
“Thus, OP-1 does not appear to be dominant in the relevant market,” the regulator said, adding that in the absence of dominance, no case of contravention of Section 4 of the Competition Act is made out against SJR Enterprises.
Section 4 of the Competition Act pertains to abuse of dominant position.
The regulator also dismissed abuse of dominance allegations against Bren Corporation after noting that “no specific allegations have been made” against the firm.
Source: Press Trust of India