The Competition Commission has dismissed allegations of unfair business practices made against Abbott Healthcare with respect to supply of medicines.
A city-based wholesaler of pharmaceutical products had alleged that the company violated competition norms by refusing to supply medicines to it and also abused the dominant position.
While rejecting the complaint, CCI said Abbott Healthcare has "sufficient commercial reasons for not supplying the medicines" to the informant and its refusal cannot be held to be in violation of Section 3.
Section 3 of the Competition Act pertains to anti- competitive agreements.
"There is no specific information available in the public domain to suggest that the Opposite Party (Abbott Healthcare) is dominant in any particular market," Competition Commission of India (CCI) said in an order on Wednesday.
The regulator also noted that the firm did not receive any complaint with respect to "shortage or non-availability of its medicines" and that the existing stockists have been able to make effective supply to the consumers.
Disclaimer: No Business Standard Journalist was involved in creation of this content
