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Jun 19, 2019

CCI Dismisses Allegations of Abuse of Dominance against Oriental Insurance Company Limited

On May 10, 2019, CCI dismissed allegations (made by Anil Rathi, Partner, M/S Laxmi Polymers (‘Informant’)) of infringement of Section 4 of the Act against Oriental Insurance Company Limited (‘Oriental’). [1]

The Informant alleged that Oriental, a public sector general insurance company, abused its dominance by unfairly repudiating the Informant’s insurance claim against a fire in the premises of the Informant’s company.

CCI did not find Oriental to be a dominant enterprise in the ‘market forprovision of fire insurance services in India’ since Oriental had a relatively low market share and faced competition from several other larger players. Accordingly, CCI dismissed the allegations of abuse of dominance against Oriental.

[1] Case No. 13 of 2019

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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