COMPAT grants more time to CCI to file draft in DLF case
- Nov 22, 2012, 00:39 AM IST
Gurgaon: The Competition Appellate Tribunal gave two more weeks to the fair trade regulator CCI to complete draft modifications in the sale agreement between realty major DLF and flat owners of two of company's housing projects at Gurgaon.
The three-member tribunal bench headed by its Chairman Justice V S Sirpurkar also adjourned its scheduled hearing to November 29.
The Competition Commission of India (CCI) sought some more time to finalise the draft.
Earlier on October 4 COMPAT had granted time till today to CCI to complete draft modifications in the sale agreement.
The tribunal had also asked DLF to file one draft agreement before the commission, while fixing the hearing for today.
The buyers' association had filed their draft before the CCI as per tribunal's order.
The COMPAT was hearing a petition filed by DLF against the CCI order imposing Rs 630 crore penalty on the company.
On August 12 last year, the Competition Commission of India (CCI) had imposed a penalty of Rs 630 crore on DLF after finding the realty major guilty of abuse of the dominant market position.
The orders were passed following inquiries into complaints filed by the flat buyer associations' of two separate DLF projects in Gurgaon, DLF Park Palace and The Belaire, alleging delays in the project and increase in the number of floors than planned earlier, among other things.