COMPAT Adjourns CCI - DLF Case Hearing to February 20, 2013


The Competition Appellate Tribunal (COMPAT) recently adjourned the hearing till February 20, 2013 on DLF Ltd's appeal against Rs. 630 crore fine imposed by the fair trade regulator CCI (Competition Commission of India) for abuse of its dominant position.

A 3 member COMPAT bench headed by its Chairman Justice Mr. V. S. Sirpurkar adjourned the matter to February 20, 2013.

During the day long proceedings, the tribunal heard the arguments from the counsel for flat buyer's associations & Haryana government.

On the next hearing, counsel appearing for the Department of Town and Country Planning (DTCP) of the state of Haryana would resume his arguments.

The CCI had imposed Rs 630 crore fine on DLF Ltd in August 2011 following its inquiries into complaints by flat buyer associations of  2 DLF Ltd projects in Gurgaon - DLF Park Palace and The Belaire - alleging delays in the project and increase in the number of floors than planned earlier, among others.

Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

9 REASONS WHY THE MARKET IS FALLING..!

9 REASONS WHY THE MARKET IS FALLING..!   1 WEAK CORPORATE EARNINGS - QUARTER 2   2 CPI HOTTER THAN EXPECTED   3 S...