Abusive Conduct by Hero FinCorp cannot be alleged if Dominance lacks: CCI

Synco Industries Limited Vs Hero FinCorp Ltd. (Competition Commission of India) In a recent case that has attracted attention within India’s financial and legal circles, Synco Industries Limited (referred to as the “Informant”) filed a complaint against Hero FinCorp Ltd. (referred to as “OP”), a non-banking financial company (NBFC), alleging a breach of section 4(1) of the Competition Act, 2002. The case delves into allegations of exploitative practices, arbitrary charges, and manipulative interest rates by the dominant entity, Hero FinCorp. Background: Synco Indu...