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SC proactively backs CCI: DLF to stump up full Rs 630 cr anti-trust penalty pending appeal

A Supreme Court bench of justices Ranjana Prakash Desai and NV Ramana told real estate developer DLF that it should deposit with the court the entire penalty of Rs 630 crore that the Competition Commission of India (CCI) had imposed on it in 2011, pending the outcome of its appeal against the Competition Appellate Tribunal (Compat) order of May of this year.

DLF should pay Rs 50 crore within three weeks, Rs 580 crore within three months, and should undertake to pay another Rs 170 crore in interest if its apex court appeal should fail, reported IANS. DLF was fined for “highly abusive” apartment buyers agreements in several of its developments.

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