Competition panel orders another probe against DLF
10 Feb 2015 12:19 AM GMT
Competition Commission has ordered a fresh probe against DLF Ltd with regard to alleged abuse of its dominant market position, after it found the realty major prima facie in violation of fair trade norms in a new case.
The case relates to development and sale of residential units in Gurgaon by the company's largest real estate player. There were no immediate comments from the company on the CCI order directing a detailed probe by its Director General against DLF and DLF New Gurgaon Homes Developers, which has been amalgamated with another DLF subsidiary, DLF Home Developers Limited.
In the past also, DLF has come under the scanner of Competition Commission, which slapped a hefty penalty of Rs 630 crore on the realty firm for violating fair trade norms in 2011. The penalty was challenged by DLF before the Competition Appellate Tribunal, which upheld CCI order and the company has gone to the Supreme Court.
The case relates to development and sale of residential units in Gurgaon by the company's largest real estate player. There were no immediate comments from the company on the CCI order directing a detailed probe by its Director General against DLF and DLF New Gurgaon Homes Developers, which has been amalgamated with another DLF subsidiary, DLF Home Developers Limited.
In the past also, DLF has come under the scanner of Competition Commission, which slapped a hefty penalty of Rs 630 crore on the realty firm for violating fair trade norms in 2011. The penalty was challenged by DLF before the Competition Appellate Tribunal, which upheld CCI order and the company has gone to the Supreme Court.
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