The Competition Appellate Tribunal (Compat) has upheld the decision of Competition Commission of India (CCI) in asking the real estate major DLF to pay a penalty of Rs 630 crore for abusing dominant position and violating section 4-2A of the Competition Act.
The company has been given time for 60 days to pay the penalty and appeal in the Supreme Court against the order. The company is accused of directly or indirectly imposing unfair condition for sale and purchase of goods and services.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.
Company Name | CMP |
---|---|
Dilip Buildcon | 466.65 |
Macrotech Developers | 1211.00 |
NBCC (India) | 138.70 |
Prestige EstatesProj | 1458.75 |
DLF | 877.75 |
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