Saturday, September 21, 2019
News

SC gives green signal for probe against Uber

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Thursday, 2019 4:45:05 AM IST
Giving a green signal to the probe against Uber for predatory pricing and abuse of dominant position, the Supreme Court has refused to interfere in the order passed by the Competition Appellate Tribunal.

A bench of Justices Rohinton Nariman and Surya Kant also directed that the probe is to be completed within six months.

The court was hearing Uber India System Private Ltd challenging the Competition Appellate Tribunal order, issued on a plea by Meru Taxi Services, alleging that Uber is indulging in predatory pricing and misuse of its dominant position in the market.

The taxi firm had observed the data regarding Uber's pricing, according to which Uber's rides were being priced lower than they were supposed to.

Meru had said that Uber was losing Rs 204 on every ride in respect of the every trip made by the cars of the fleet owners, which does not make any economic sense other than pointing to an intent to eliminate competition in the market.

The top court observed that Uber is abusing its dominant position and said it do not think it fit to interfere with the order made by the Competition Appellate Tribunal.

"Given the allegation made, as extracted above, it is clear that if, in fact, a loss is made for trips made, ... would prima facie be attracted inasmuch as this would certainly affect the appellant's competitors in the appellant's favour or the relevant market in its favour," the court said.

"Insofar as 'abuse' of dominant position is concerned, under Section 4(2)(a) (Competition Act), so long as this dominant position, whether directly or indirectly, imposes an unfair price in purchase or sale including predatory price of services, abuse of dominant position also gets attracted. Explanation (b) which defines 'predatory price' means sale of services at a price which is below cost," it added.

--IANS ak/vd

( 318 Words)

2019-09-11-22:30:07 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Modi's Houston visit may seal major ener...
Tax cuts may impact fiscal deficit, cape...
Modi govt unrolls Rs 1.45 lakh cr tax bo...
Wall Street slides as tech shares lag...
US restoring India's GSP status hope hig...
Aadhaar may be made mandatory for claimi...
More...
 
INDIA WORLD ASIA
UP: BJP and allies conduct meeting to re...
Ashish Shelar slams Sharad Pawar over 'P...
Saurashtra, Kutch to receive heavy rainf...
Defence Secretary lauds Centre over exem...
President accepts resignation of Madras ...
UP farmers begin march towards Kisan Gha...
More...    
 
 Top Stories
Celebrate the Bhaav and Bandish of ... 
Pak cleric arrested for molesting m... 
Heartfulness meditation cultivates ... 
WC bronze motivation for upcoming c... 
Trump doesn't foresee China trade d... 
Madras HC Chief Justice V.K. Tahilr... 
K'taka: Varsity develops 'Green' li... 
Fadnavis urges people to vote in up...