Competition Commission levies Rs 2.4-Cr fine on DLF
As per the report, the Competition Commission of India has imposed a penalty of Rs 2.4 crore on DLF due to failure to comply with the regulators’ directions to cease and desist from unfair trade practices.
CCI says that the “continued non-compliance” would obtain a fine of Rs 1 lakh per day. It further added that the claims that such actions are in willful, blatant and deliberate contravention of the Act.
The complaint was registered against DLF Universal Ltd, Haryana Urban Development Authority and the Director Town and Country Planning, Haryana.
Source: indiainfoline.com
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