CCI
The city civil court witnessed about 3000 people summoned for a hearing in a case filed by L&T against the owners of the apartments of South City. In the case filed by L&T, asked for an injunction against the interfere of the South City Housing Apartment Owners Association (Sugruha) to the daily maintenance work. The [...] Continue Reading »
The Competition Commission of India (CCI), who takes care of fair competition between corporates has decided to step in for the home buyers’ aid. The panel has decided to come up with some rules which will stop the abuse by the developers to the buyers. There has been several instances of abuses in metro cities [...] Continue Reading »
The Realty Giant DLF is likely to approach the Compat (Competition appellate Tribunal) to challenge the order by Competition Commission of India (CCI) to pay Rs 630 crores penalty for the abuse of the dominant market position. This challenge on the order is on the basis of Competition Commission of India’s classification of DLF as [...] Continue Reading »
Lawyers for the owners’ associations for Belaire and Park Place, the two DLF properties at the centre of the DLF case, are preparing a claim for more compensation, which could go as high as Rs.2,000 crore. DLF will likely contest the order on the grounds that CCI has wrongly interpreted the relevant market and thereby [...] Continue Reading »
Various projects of large and well-known developers stretching from Greater Noida to Gurgaon are under the scanner of Belaire Owners’ Association after Competition Commission of India (CCI) slapped a penalty of Rs 630 crore on DLF for “unfair trade practices” and “abuse of market dominance”. According to the builder-buyer agreement in the Belaire case: “The [...] Continue Reading »
The Competition Commission of India (CCI) in its order observed that DLF, which has market dominance, had abused its powers, building Belaire without getting no-objection certificates (NOCs) or seeking clearance from the state for changes that were made to its original plans. The director general, who conducted a thorough probe of allegations, had found that [...] Continue Reading »
