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Hard-ball: Not satisfied with DLF's Rs 100 cr gesture, SC asks for rest of Rs 480 cr CCI penalty

The Supreme Court Friday asked DLF to deposit the balance Rs.480 crore of a total Rs.630 crore penalty imposed on the realty major by the fair trade regulator CCI for allegedly exploiting its dominant position, after Harish Salve yesterday promised that the company would pay Rs 100 crore into court as a token of its bona fide position.

An apex court bench, headed by Chief Justice HL Dattu, said DLF could pay the remainder in instalments of Rs 75 crore each from Jan 15 till the penalty is cleared.

DLF was imposed the penalty of Rs 630 crore by the Competition Commission of India (CCI) for allegedly exploiting its dominant position to the disadvantage of its customers in three projects in Gurgaon.

The apex court was hearing a petition by the real estate major which has challenged the imposition of Rs 630 crore penalty by the CCI Aug 12, 2011.

The CCI decision to impose the penalty was upheld by the Competition Appellate Tribunal in 2013.

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