CCI
Competition Commission of India (CCI) has cleared the proposed acquisition of Larsen & Toubro (L & T) Infrastructure Development Projects’ securities by foreign venture capital investor CPP Investment Board Singaporean Holdings 1. This is a very good news for L & T and there is a wave of cheer among the top brass of L & [...] Continue Reading »
The Supreme Court (SC) on Wednesday passed an interim order directing property developer DLF Ltd to pay within three months the Rs. 630 crore penalty imposed by the CCI (Competition Commission of India). This penalty was imposed for abusing its dominant market position. CCI chairperson Ashok Chawla talked about the implications of the ruling for [...] Continue Reading »
Unitech, Oberoi Realty, BPTP Ltd, Gaursons India, K Raheja Corp, Amrapali Group, Supertech Ltd, Tata Housing Development Company, Ansal Properties & Infrastructure, Purvankara Projects, Prestige Estates Projects, Avalon Group, Aparna Construction and Estate, Amit Enterprises Housing, Omaxe, Parsvnath Developers, PS Groups Salarpuria Group, Purohit Construction and Ambuja Neotia Group have come under the radar of [...] Continue Reading »
The Competition Commission of India (CCI) had levied a penalty on DLF on August 12, 2011. In another case, which also related to unfair conditions imposed on buyers, it had asked DLF to ‘cease and desist’ but did not levy any penalty. The Supreme Court on Thursday continued its July order and barred the CCI [...] Continue Reading »
Last week, realty bigwig DLF got a Supreme Court breather over a Rs 630-crore penalty which the Competition Commission of India (CCI) had imposed on the company for allegedly abusing its leading realty-market position, with regard to a residential society in Gurgaon. During the course of Friday proceedings at the Supreme Court, a bench headed [...] Continue Reading »
The BJP’s election manifesto always shouted loud and clear ‘’ Ache din aane wale hain’’. Post-election and the swearing in of the new government, the nation is still dancing to that tune. The residents of three DLF projects—Belaire, Park Place and Magnolias now can breathe a sigh of relief with the good news as Competition [...] Continue Reading »
Allegations of abuse of dominant market position against Ansal Township and Land Development with regard to the realty company’s commercial project in Jalandhar, Punjab were rejected by fair trade regulator Competition Commission of India (CCI). The CCI is of the view that the company did not appear to be in a dominant position in the [...] Continue Reading »
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 [...] Continue Reading »
After imposing a heavy fine of Rs 1,773 crore on state-owned Coal India Ltd, CCI is now planning to impose fine on DDA. According to a current report by the competition watchdog’s director-general (investigation), it is found that DDA is exploiting its dominant market value through its housing sale practice. A senior official says that we [...] Continue Reading »
After one year of its formation, the Cabinet Committee on Investment (CCI) is said to have unlocked 144 stalled infrastructure projects worth Rs 5.27 lakh crore. 253 more projects, however, with an investment of Rs 12.82 lakh crore, are still stuck for various clearances. Power, coal, steel, petroleum & natural gas, and road transport & highways sectors form [...] Continue Reading »
