CCI rejects plea for sanctions against DLF's new project
BY PTI17 Jan 2013 6:32 AM IST
PTI17 Jan 2013 6:32 AM IST
The Competition Commission of India (CCI) has dismissed an appeal seeking anti-dominance sanctions against a new project of realty major DLF, saying it will not entertain any such plea merely on the basis of penalties imposed on the company's Belaire housing project. After finding DLF to have abused its dominant position with respect to its Belaire project at Gurgaon in national capital region, CCI had fined DLF in August 2011 and had asked it to 'cease and desist' from anti-competitive practices. However, the fair trade regulator has ruled that 'the question regarding terms and conditions of agreement of the other projects that may be launched by DLF in Gurgaon was never before the Commission'.
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