Bank recovering fund by way of auction under SARFAESI isn’t a dominant entity; no competition concern arises

COMPETITION LAW : A bank acting under remedies available to it under SARFAESI Act for recovery cannot be termed as a dominant entity as it is acting in recovery of its funds/money in order to mitigate losses (where account has been declared NPA); an auction/transaction initiated for recovery in terms of SARFAESI Act may not amount to violation of Competition Act nor any competition concern can be said to have arisen

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194622/bank-recovering-fund-by-way-of-auction-under-sarfaesi-isn’t-a-dominant-entity-no-competition-concern-arises.aspx