PRINCIPAL, APEEJAY SCHOOL vs THE M.R.T.P. COMMISSION

The Supreme Court upheld the Monopolies & Restrictive Trade Practices Commission's order under Section 37(1) of the Monopolies & Restrictive Trade Practices Act, 1969, finding that the appellant's practice of not paying interest on refundable security deposits constituted a restrictive trade practice under Section 2(o)(ii) of the Act. The Court clarified that such practices impose unjustified costs on consumers and are prejudicial to public interest. The appeal was dismissed, affirming the Commission's authority to act against the appellant's practices.