DLF
DLF land allotment case has finally ended with fines and penalties imposed by the competition watch dog CCI. The hearing scheduled for Thursday makes DLF to make arrangements for payment of the penalty amount fixed by the apex court. Out of the fixed amount of 630 crore DLF has paid only fifty crore and sought [...] Continue Reading »
DLF is trying to take help from Supreme Court trying to seek exemption by paying the amount of Rs. 580 crore to avoid the imposed penalty. This penalty had been charged by CCI when the real estate company DLF had abused its prevailing market position regarding to a residential complex in Gurgaon. To avoid this [...] Continue Reading »
The Securities Appellate Tribunal or SAT finally admitted the appeal of DLF Promoters against the Securities and Exchange Board of India or Sebi last week. This order of ban against DLF promoters from accessing the capital markets have been admitted by SEBI, post the plea of the prompters. The ban was not just for DLF, [...] Continue Reading »
The ban on DLF made by SEBI from accessing the Capital market for 3 years has been opposed and an appeal has been filed against it by the top executives of DLF India Ltd. The appeal has been made to the Securities Appellate Tribunal (SAT) on 11th November. What the appeal was about: The appeal [...] Continue Reading »
The fine print of the Punjab and Haryana high court’s September 3 order, cancelling allotment of 350 acres of land in Gurgaon to real estate major DLF, has revealed a startling fact. A major chunk of the land belonged to DLF and its sister companies as way back as 1991. It was acquired through exchange [...] Continue Reading »
The Punjab and Haryana High Court suppressed the Haryana government’s decision to transfer 350 acres of land to real estate giant DLF in Gurgaon. A day after this decision the state government on Thursday sent its top bureaucrats explaining its action. The officials presented a ‘factsheet’ claiming that the key decisions pertaining to the project [...] Continue Reading »
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 »
On Wednesday the Punjab and Haryana high court order cancelling the auction was not accepted well by the Haryana government. 350.7 acres of land was allotted to the real estate giant DLF, and cancelling the auction came as a big jolt to the Haryana government. On Thursday, the government rushed to defend its decision, saying the land [...] Continue Reading »
The decision of the Punjab and Haryana High Court to cancel the allotment 350-acre prime land in Wazirabad(Gurgaon) to DLF has provided fresh ammunition to the Opposition to target the Hooda Government in the run-up to the Assembly elections. The INLD, which had prominently highlighted the Wazirabad land ‘scam’ in its ‘chargesheet’ submitted to the [...] Continue Reading »
On Wednesday, Haryana Government decision with regard to the allotment of a 350-acre land area to realty biggie DLF in Gurgaon in 2010 was set aside by the Punjab and Haryana High Court. The High Court’s decision pertains to the massive land parcel which was allotted to DLF by the Haryana Government at Wazirabad, Gurgaon. [...] Continue Reading »
