The
Competition Commission of India (CCI) has slapped Rs. 2.4 crore penalty on real
Estate major DLF Ltd for not complying
with its directions to cease and desist from unfair trade practices.
Besides,
the fair trade watchdog CCI has said that continued non-compliance would result
in penalty of Rs. 1 lakh every day.
Holding
that DLF Ltd contravened its directions, CCI has imposed a fine of Rs. 2.40
crore.
The CCI
order, dated March 26, 2014 has come on complaint filed by Magnolia Flat Owners
Association and one Mr. Rahul Kapoor regarding demand letters issued to them by
DLF Ltd, “under the garb of super area.”
The
complaint was filed against DLF Ltd Universal Ltd, Haryana Urban Development
Authority and the Director Town and Country Planning (DTCP), Haryana.
After
looking into the matter, CCI found that DLF Ltd had contravened its order,
dated January 31, 2012 by issuing the impugned demand letters dated November
28, 2012.
Besides,
the entity "failed to show any cause, much less any reasonable cause, for
non-compliance of the aforesaid order".
"No
stay on the cease & desist order by the Commission was operating when the
non-compliance occurred. The said demand letter has not been withdrawn till
date,” the order said.
According
to the watchdog CCI, its order has to be complied with by the concerned parties
& the same can not be permitted to be opted out by the parties through
negotiations.
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