SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income  ||  SC: Excavators, Dumpers Etc Used Within Factories aren’t Motor Vehicles For Road Tax Purposes  ||  SC: Complaints Alleging Fraud under Companies Act Can Be Filed Only By SFIO, Not By Private Parties  ||  SC: Preventive Detention Cannot Override Bail and Requires Proof of a Threat to Public Order  ||  Supreme Court: Multiple Complaints Are Valid For Dishonour of Several Cheques in One Transaction  ||  SC: Bail Should Not be Refused Mechanically Nor Granted Based on Irrelevant Considerations  ||  Gujarat HC: Motor Accident Compensation Doesn’t Cover Medical Expenses Paid by Charity  ||  HP High Court: Panchayati Raj Elections Cannot Be Postponed Beyond Five-Year Term  ||  Ker HC: Victim Cannot File Second Appeal Seeking Special Leave Against Acquittal Under S.419(4) BNSS  ||  Delhi HC: Right to Higher or Professional Education is Fundamental and Cannot be Curtailed Lightly    

Tata Engineering and Locomotive Company Ltd. v. The Director (Research) on behalf of Deepak Khanna and Ors. - (Supreme Court) (07 Sep 2015)

Tata Motors’ high booking amount for Tata Indica not an unfair trade practice

MANU/SC/0979/2015

MRTP/ Competition Laws

The Court set aside an order of the Monopolies and Restrictive Trade Practices Commission finding Tata Motors guilty for charging too high a deposit price for its popular vehicle, the Tata Indica, and not paying interest on booking amounts paid by buyers. It accepted Tata’s submissions that a high deposit price was set to deter speculative buyers as, in 1999, Tata was newly entering the market for private vehicles and had based production on real demand for the car. The Court reiterated that the definition of unfair trade practice was not inclusive or flexible, but specific and limited, and the Commission had enlarged the scope of its investigation in violation of the rules of fairness.

Relevant : Rajasthan Housing Board v. Parvati Devi (Smt.) MANU/SC/0340/2000 Lakhanpal National Ltd. v. M.R.T.P. Commission and Anr. MANU/SC/0351/1989

Tags : VEHICLE   BOOKING AMOUNT   UNFAIR TRADE   PRACTICE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved