SME Times is powered by   
Search News
Just in:   • No Monday Blues: Sensex up over 1,200 points  • Petrol prices rise Re 1.60 in one week post Aramco attack   • SBI to adopt RBI's repo rate as external benchmark  • Airtel-Bharti AXA Life tie up for insurance with prepaid plan  • No plans to revise fiscal deficit target, cut spending: FM 
Last updated: 11 Sep, 2019  

uber.thumb.jpg SC gives green signal for probe against Uber

Uber taxi
   Top Stories
» Export key to become $5-tn economy: Niti official
» Corp tax cut to push investment flow to exports: FIEO
» Industry hails govt's Rs 1.45L cr stimulus
» Corp tax cut raises fiscal risks, warns Moody's
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza
SME Times News Bureau | 11 Sep, 2019
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.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 23 Sep, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Can't say
  Commented Stories
» Modi govt unrolls Rs 1.45 lakh cr tax bonanza(1)
» L&T secures Rs.3.44 billion project from Power Grid(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter