COMPAT adjourns final hearing on DLF plea to Monday
Competition Appellate Tribunal (COMPAT) Friday adjourned the final hearing to Monday on DLF's plea against Rs 630 crore penalty imposed on it by fair trade regulator CCI.
New Delhi: Competition Appellate Tribunal (COMPAT) Friday adjourned the final hearing to Monday on DLF's plea against Rs 630 crore penalty imposed on it by fair trade regulator CCI.
A three-member COMPAT bench headed by its Chairman Justice V S Sirpurkar adjourned DLF's matter and directed it to list the same for Monday.
On Monday, the tribunal would also hear a batch of new petitions filed by the realty major challenging the recent order by the CCI amending the agreement between DLF and apartment buyers.
The Competition Commission of India had passed an order on August 12, 2011 and imposed a fine of Rs 630 crore after finding it abusing its dominant position.
CCI had imposed fine after its inquiries into complaints filed by flat buyer associations of two 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 others.
It was challenged by DLG before the tribunal, which stayed the penalty and asked CCI to modify the buyer's agreement.
As per the direction of the tribunal, CCI had on January 3, 2013, passed an order amending flat buyer's agreement of DLF's Belaire.
Later, it extended the modifications suggested by it to DLF's Park Place and Magnolia projects also through two separate orders on January 10. This has been also challenged by DLF yesterday by filing separate appeals and the matter would also come up on Monday.
In these appeals, DLF has requested COMPAT to set aside the supplementary orders passed by CCI last month relating to modification.
DLF contended that the fair trade regulator was directed by the tribunal only to propose the changes and not to pass a formal order.