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Chola MS, Central Bank of India cleared by regulator of delayed flood claim allegations

By Freny Patel ( July 8, 2025, 09:00 GMT | Insight) -- Chola MS General Insurance and the Central Bank of India have been cleared of allegations of anticompetitive practices in Chennai by the Indian antitrust watchdog. The Competition Commission of India dismissed the case because of the significant delay in its filing and found no evidence of Chola MS holding a dominant market position in the competitive general insurance sector in Chennai. The complaint centered on a delayed insurance claim from the 2015 Chennai floods where the complainant alleged that both entities had engaged in anticompetitive agreements and abused dominant positions by delaying policy documents, causing his claim's late submission and rejection.Chola MS General Insurance and Central Bank of India have been cleared of allegations of anticompetitive practices in Chennai by the Indian antitrust watchdog.  ...

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