Business Standard

Monday, January 06, 2025 | 03:42 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

DLF challenges CCI order, tribunal to hear appeal next month

Image

Press Trust of India New Delhi

The Competition Appellate Tribunal (Compat) today registered an appeal filed by DLF against the Rs 630 crore fine imposed by fair trade watchdog CCI on the realty major for abuse of dominant market position.

The tribunal has posted the matter for hearing on November 9, sources said.

DLF began the process of submitting its appeal on Friday and its petition was registered today by Compat, they said.

Challenging the CCI order for abuse of dominant market position, DLF is believed to have argued that its market share in Gurgaon cannot be determined on the basis of all-India sales figures.

Soon after the CCI directive in August, DLF had said it would challenge the same and that it has a strong case against the points raised in the order.

The case pertains to the CCI's imposition of a Rs 630 crore fine on DLF on August 16 for abusing its dominant market position and imposing unfair conditions on the buyers of its flats.

Later in the same month, CCI passed another order in a separate case, wherein it asked DLF to 'cease and desist' from misuse of dominant position, but did not impose any penalty in this matter.

The orders followed enquiries by the CCI into complaints filed by flat-buyer associations of two DLF projects in Gurgaon.

In its Compat appeal, DLF has argued that the period referred to by the CCI in determining the company's market position and other factors considered while passing the order were not relevant for the Gurgaon market.

The company has claimed that different kinds of properties, such as secondary or re-sale markets and investment markets, have to be considered for arriving at the relevant market and this has not been followed in the CCI order.

DLF was found to be market leader based on a third-party analysis of the overall country-wide turnover of companies present in the Gurgaon real estate market.

Sources said DLF has also argued that CCI did not serve a show-cause notice before passing the order. In another high-profile order passed by the CCI recently, it had issued notices to the National Stock Exchange (NSE) before the final directive.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 10 2011 | 1:06 PM IST

Explore News