•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

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.

Click to show 7 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.