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DLF receives cease and desist order, but not financial penalty, from CCI

By  |  March 11, 2012

The Competition Commission of India has issued a cease and desist order against DLF for abusing its dominant market position. Flat owners of Magnolia in Gurgaon had submitted a complaint to CCI. The investigations unit found that DLF had imposed unfair conditions in its agreement with flat buyers. In its order against DLF, CCI also required that unfair conditions be “suitably modif[ied]” within three months of the order date.

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    No financial penalty was imposed on DLF in this case, given the identical “nature of contravention” to the Belaire Owners Association case, where DLF was fined Rs 630 crore. The CCI believed it to be unfair to impose a second penalty on DLF for conduct in the same market.

    Full content: Times of India

     

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