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Competition Commission of India

CCI Can’t solve all real estate problems, says the Chairman

CCI Can’t solve all real estate problems, says the Chairman
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 »

Allegations against Emaar MGF rejected

Allegations against Emaar MGF rejected
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 »

CCI to hear the charges against the nine top realtors and CREDAI

CCI to hear the charges against the nine top realtors and CREDAI
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 »

Merger and acquisitions: Inorganic growth, the new mantra for the corporate India

Merger and acquisitions: Inorganic growth, the new mantra for the corporate India
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 »

SC asks DLF to pay Rs 630-cr penalty imposed by CCI

SC asks DLF to pay Rs 630-cr penalty imposed by CCI
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 »

L&T-CPP investment deal: CCI gave clearance

L&T-CPP investment deal: CCI gave clearance
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 »

DLF Ltd to pay Rs 630 crore within 3 months: SC

DLF Ltd to pay Rs 630 crore within 3 months: SC
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 »

CCI to take action against Errant builders

CCI to take action against Errant builders
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 »

DLF might pay a penalty of Rs. 630 Crore

DLF might pay a penalty of Rs. 630 Crore
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 »

DLF hopes to win against Rs. 630 Crore CCI penalty

DLF hopes to win against Rs. 630 Crore CCI penalty
The Supreme Court on Monday said it will hear DLF Ltd.’s petition on August 7. DLF has placed the petition challenging the Rs. 630 crore penalty imposed by the competition commission of India (CCI) of India on the company. The court also mentioned that its July order restraining the anti-trust body from taking any action [...] Continue Reading »



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