SC: SARFAESI Act Was Not Applicable in Nagaland Before its 2021 Adoption, Dismisses Creditor’s Plea  ||  SC: Lis Pendens Applies To Money Suits on Mortgaged Property, Including Ex Parte Proceedings  ||  Kerala HC: Civil Courts Cannot Grant Injunctions in NCLT Matters and Such Orders Can Be Set Aside  ||  Bombay High Court: Technical Breaks to Temporary Employees Cannot Deny Maternity Leave Benefits  ||  NCLAT: Appellate Jurisdiction Limited to Orders Deciding Parties’ Rights, Not Procedural Directions  ||  NCLAT: Personal Guarantors Involved In NCLT Proceedings Can Appeal Against Insolvency Admission  ||  Supreme Court: Foreign Companies’ Head Office Expenses in India are Capped under Section 44C  ||  SC Directs Trial Courts to Systematically Catalogue Witnesses and Evidence in Criminal Judgments  ||  SC Calls For Sensitising Future Generations on Equality in Marriage to Combat Dowry Practices  ||  SC: Separate Suits Against Confirmed Auction Sales are Barred; Remedy Available under Sec 47    

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 2025 - All Rights Reserved