SC directs DLF to submit penalty of Rs 630 crore

27 Aug 2014

Supreme Court (SC) has directed DLF to submit penalty of Rs 630 crore by Competition Commission of India (CCI). The company found guilty of abusing of dominant position in Gurgaon.

Earlier in May 2014, Competition Appellate Tribunal (COMPAT) had 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.

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.

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