(Business Standard, New Delhi, 5 March 2014) The Competition Commission has rejected allegations of unfair trade practices against Export Credit Guarantee Corp related to credit insurance for exporters. A complaint filed by Tavoy Apparels and its group firms had alleged that even after one-time settlement with Union Bank of India for export credit loan taken from it, Export Credit Guarantee Corporation of India (ECGC) refused to delete the name of the complainants from the defaulters list known as ‘Special Approval List’.
