CCI
DLF land allotment case has finally ended with fines and penalties imposed by the competition watch dog CCI. The hearing scheduled for Thursday makes DLF to make arrangements for payment of the penalty amount fixed by the apex court. Out of the fixed amount of 630 crore DLF has paid only fifty crore and sought [...] Continue Reading »
Good evolution in railway and highway projects. Dead lines fixed for different projects executed in Odisha. The Meeting Hours The Joint Secretary talked about the growth in Odisha projects to V.P.Joy the cabinet Secretariat, in a conference of Project Monitoring Group (PMG) of the (CCI) which was lead by G.C Pati who is the chief [...] Continue Reading »
The government has managed to re-start about 27 % of the delayed projects in spite of all odds. About 577 projects with an investment of Rs. 25,35,288 crore is reported within the Project Monitoring Group, PMG. This is regarding the settlement of certain issues that are withheld due to several ministries and departmental heads. From [...] Continue Reading »
Mr Ashok Chawla, CCI or Competition Commission of India Chairman recently gave a statement saying that not all real estate sector problems can be solved by CCI and asked for a sector specific regulator. He further stated that CCI can play a role only when the entity in question is highly dominant and abusing its [...] Continue Reading »
DLF is trying to take help from Supreme Court trying to seek exemption by paying the amount of Rs. 580 crore to avoid the imposed penalty. This penalty had been charged by CCI when the real estate company DLF had abused its prevailing market position regarding to a residential complex in Gurgaon. To avoid this [...] Continue Reading »
The Competition Commission of India (CCI) has dismissed charges that realty major Emaar MGF Land Ltd had abused its dominant market position with respect to services for development and sale of commercial units in Gurgaon. The case relates to Emaar MGF Land’s commercial project, The Palm Square, at Sector 66, Gurgaon. The complaint was filed [...] Continue Reading »
Next week the Competition Commission of India (CCI) is expected to hear the charges of alleged cartelisation, lobbying and unfair trade practices against nine of the country’s top builders and their industry body CREDAI (Confederation of Real Estate Developers’ Associations of India). Following a probe carried out by the investigation arm of CREDAI, The CCI had [...] Continue Reading »
After years of suppressed investment environment, India Inc. is showing the signs of revival. The M & A (Mergers and Acquisitions) have increased. This credit pretty much should go to the positive impact created by the Modi government which has improved this market sentiment. Fair play regulator CCI (Competition Commission of India) used to hardly [...] Continue Reading »
The project monitoring group (PMG) of the Cabinet Committee on Infrastructure (CCI) has appreciated the efforts of the Odisha government in facilitating execution of large investment projects in Odisha. The CCI team was headed by Anil Swaroop the additional secretary at the Cabinet secretariat today jointly scrutinised the progress of 60 projects along with top state officials.Projects with investments [...] Continue Reading »
In an interim order issued by a Supreme Court bench, bigwig realty firm DLF has been asked to deposit a penalty amount of Rs 630 crore for its allegedly unfair business practices. The penalty was imposed on DLF by the Competition Commission of India (CCI). The directive issued to DLF by the SC bench – [...] Continue Reading »
