Court : Monopolies and Restrictive Trade Practices Commission MRTPC
Reported in : III(2004)CPJ9MRTP
1. The complainant, Mrs. Nandini Sarma applied and purchased three units of land in February 1996, at a total cost of Rs. 34,000/-. This was on the basis of an advertisement issued by M/s. KKR Palm Oil India Ltd. As per the representation in the advertisement, the stated project was to be carried out in an area of 20,000 acres of land acquired by the company at various suitable locations. Out of this, about 5,000 acres of land was proposed to be offered for public participation. As per the scheme devised, the project had been undertaken after careful analysis of the viability and profitability of the venture. The planting materials were stated to have been imported from ASC De Costa Rica --the world pioneer. The planting of Oil Palm was contended to have succeeded near Madurai in over 200 acres and the results were stated to be extremely good. The returns on the crops were stated to be assured and a buy-back scheme were offered with other factors which induced the applicant to go for ...
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