Tulip Infratech
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] Continue Reading »
The Competition Commission of India (CCI) has levied Rs 6300 crore penalty on 11 cement companies and it has yet to consider a surplus of cases against builders. In the case of DLF, CCI looked at the relevant market as ‘high-end residential’ in Gurgaon while it looked at the relevant market as ‘residential accommodation’ in [...] Continue Reading »
