DLF to move SC as Compat upholds Rs 630-cr CCI fine

May 20 2014, 08:56 IST
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This happens to be the first major CCI ruling to have been upheld by the appellate tribunal This happens to be the first major CCI ruling to have been upheld by the appellate tribunal
SummaryIn a major setback for realty major DLF, the Competition Appellate Tribunal...

grounds, including the jurisdiction of the case, the basis for determining relevant market and dominant position and the company not being served with show-cause notices before the order was passed. The Compat, while staying the CCI order, had said that if the company finally lost the case it would have to pay the entire amount along with 9% interest. In May 2010, the buyer's association had complained against DLF alleging that the company imposed highly arbitrary, unfair and unreasonable conditions on the apartment allottees of the housing complex The Belaire.

"The Compat has pronounced the order today upholding certain findings of the earlier orders of CCI. The company is yet to examine the detailed order, therefore, the company at this stage will not be in a position to make any further comments,” DLF said.

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