DLF guilty of unfair trade practices: MRTPC

The monopolies and restrictive trade practices commission (MRTPC) has found DLF Universal guilty of unfair trade practices for not completing construction within the stipulated time and charging extra money
from clients for resultant cost escalations.

Warning the construction major not to repeat such practice in future, the commission asked DLF, which is soon coming out with an initial public offering, to pay interest at the rate of 9% to its consumers.

"DLF is not entitled to claim escalation charges and has indulged in unfair trade practice by claiming the same," B K Rathi, chairman of MRTPC said in an order.

The issue reached MRTPC after some DLF customers filed a compensation application along with a request for unfair trade practice enquiry against the company.