Competition Commission of India order
A penalty of Rs 630 crore was imposed by the Competition Commission of India (CCI), holding the prestigious realty major DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF on Thursday moved to the Supreme Court against the Competition Appellate Tribunal’s (Compat) order which was issued in [...] Continue Reading »
At a recent meeting of the governing body of CREDAI Karnataka in Bangalore, some key issues were discussed, including the arbitrary increase in cement prices which the Cement Manufacturers Association (CMA) has announced. With the CMA having hiked the cement price from Rs 255 to Rs 315 per bag, CREDAI Karnataka President R Nagaraj said [...] Continue Reading »
Flats owners of Park Place luxury housing project contested the arbitrary change in the housing plan done by DLF and accused the builder of misusing its dominant position as per the contract agreement signed between the flat owners and the builder. After the Competition Commission of India (CCI) order, the flat owners are joyous. “The [...] Continue Reading »
