Advertisement

HindustanTimes Wed,30 Jul 2014

Business

CCI modifies buyers deal in DLF case
PTI
New Delhi, January 03, 2013
First Published: 20:47 IST(3/1/2013)
Last Updated: 20:48 IST(3/1/2013)

The Competition Commission of India (CCI) on Thursday said it has modified the agreement between DLF group and apartment buyers in two projects, wherein the realty major was found to have abused its dominant position.

The apartment buyer agreement has been modified after a direction from the Competition Appellate Tribunal, where DLF had challenged a penalty of Rs. 630 crore imposed on it by CCI.

“The apartment buyers agreement has been amended such that the abusive and unfair conditions present in the original one-sided agreement have been removed,” the CCI said in a statement.

The agreement between DLF and apartment allottees has been modified through a supplementary order passed by the CCI, it said.

When contacted, a DLF spokesperson refused to comment on the issue as the matter was sub-judice. 

(With bureau inputs)


Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved