New Delhi, Jan 7 (IANS) The Supreme Court Wednesday said it will hear Feb 11 the appeal by real estate giant DLF, challenging the imposition of Rs.630 crore penalty by the Competition Commission of India (CCI) for allegedly exploiting its dominant position to the disadvantage of its customers in three apartment projects in Gurgaon.
The bench of Justice Sudhansu Jyoti Mukhopadhaya and Justice N.V. Ramana were told by DLF that it was complying with its Nov 28, 2014 order to deposit the balance of the penalty amount in installments of Rs.75 crore, starting Jan 15 till the penalty was cleared.
DLF has already deposited Rs.150 crore with the apex court registry and the balance of Rs.480 crore would be deposited in installments every month.
The court will also decide the jurisdiction of CCI and whether the matter should have been dealt with by the National Consumer Disputes Redressal Commission.
DLF has assailed the CCI order, saying the commission could not have imposed penalty based on the three-year average of the entire turnover of DLF's real estate operations in the country.
The CCI has taken a stand that DLF used its dominant position to the disadvantage of the flat allottees.
"It is an exploitation of disadvantaged customers who were trapped," CCI had told the court in an earlier hearing.
What is going on in Nepal to form a new government?
Nepal's Prime Minister KP Sharma Oli lost the trust vote in Parliament on Monday. After this, eff
The negligence of the principals will be heavy on the initiative of the UP Board to deliver the r
Slogans of Khalistan Zindabad in Dharamshala: World Cup match is to be organized in Dharamshala.
India's Biggest Incubation Hub to come up in Hyderabad
Hyderabad, Jan 23 (IANS) The Telangana government Friday began the work on T-Hub, which promises
In Maharashtra’s Covid-19 Containment Plan, Mumbai, Nagpur And Pune Are Key
पिछले कुछ दिनों में मुंबई और पुणे और
Kiran Bedi alleges office owner getting threats
New Delhi, Feb 3 (IANS) The Bharatiya Janata Party's (BJP) chief ministerial candidate for Delh
There is a possibility of a cyclonic storm to the south of Porbandar in Gujarat. The Indian Meteo
President Oath: President Draupadi Murmu's first speech lasted 18 minutes, know its 10 big things
Draupadi Murmu has been sworn in as the 15th President of the country. His first address lasted 1
Even today, there has been no increase in the prices of petrol and diesel from the oil companies.
SC notice to lawyers Sharma, Singh for anti-women remarks
New Delhi, March 24 (IANS) The Supreme Court on Tuesday issued notice to advocates M.L.Sharma a
