complaint against DLF Ltd
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 »
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 order which was issued in May. [...] Continue Reading »
DLF now is in the waters of roughness, and the climes aren’t being favorable enough. The troubles are mammoth like, especially when owners of apartments in three of the projects owned by the company in Gurgaon have started raising voices, demanding compensations. Home owners are at the neck of the company since a long time, [...] 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 »
As political atmosphere heats up, Indian real-estate major DLF Ltd. has denied allegations that it gave interest-free loans and sold land and apartments at throwaway prices to Robert Vadra, the son-in-law of Congress president Sonia Gandhi. India Against Corruption activists Arvind Kejriwal and Prashant Bhushan had alleged last week that DLF received undue favoritismreturn for [...] Continue Reading »
There seems to be no end to DLF’s legal feuds as cases are piling up against the developer for a wide range of reasons including unfair business practices for the last couple of years. In the latest event, more than a dozen investors dragged DLF to court, accusing it of downgrading their investments in an [...] Continue Reading »
The real estate giant DLF slapped Rs 630 crore fine. DLF had delayed construction of the project and increased the number of floors without informing buyers. The verdict on complaint filed by the Belaire Owner’s Association will relieve customers, who say sale agreements are heavily tilted in favour of the builder. The Competition Commission order [...] Continue Reading »
The petition before Competition Commission of India (CCI), filed by Belaire Owner’s Association against DLF Limited states DLF has failed to deliver the residential project on time and put discriminatory and abusive clauses in the rent agreement provided to the allottees of the apartments. It also says the builder is abusing its dominant position in [...] Continue Reading »
