Friday, 26 April 2024

 

 

 

Supreme Court asks DLF to deposit Rs.480 crore penalty

Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 28 Nov 2014

The Supreme Court Friday asked DLF to deposit the balance Rs.480 crore of a total Rs.630 crore penalty imposed on the realty major by the fair trade regulator CCI for allegedly exploiting its dominant position.An apex court bench, headed by Chief Justice H.L. Dattu, said DLF could pay the amount in instalments of Rs.75 crore each from Jan 15 till the penalty is cleared.DLF was imposed the penalty of Rs.630 crore by the Competition Commission of India (CCI) for allegedly exploiting its dominant position to the disadvantage of its customers in three projects in Gurgaon.The apex court was hearing a petition by the real estate major which has challenged the imposition of Rs.630 crore penalty by the CCI Aug 12, 2011. The CCI decision to impose the penalty was upheld by the Competition Appellate Tribunal in 2013.

 

Tags: Supreme Court

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD