Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

CCI has rejected complaint against HP on laptop sale, service

The Competition Commission of India has rejected the allegations that HP resorted to anti-competitive practices in a case related to sale of a defective laptop and deficiency in after-sales service.

The Competition Commission of India (CCI) has rejected the complaint terming the dispute as a “purely consumer issue” and said that there is no competition issue involved.

It had been alleged that Hewlett Packard (HP) indulge in an anti-competitive practices and abused its dominant position through selling a defective, spurious and sub-standard laptop to the informant and did not provide the desired after-sale services.

It has been noted by the CCI that there are other leading players in the relevant market and consumers have adequate choice and therefore, HP “does not enjoy a position of strength required to operate independently of market forces.”

Read EquityPandit’s Technical Analysis on Nifty IT

Get Daily Prediction & Stocks Tips On Your Mobile