The facts of this case and the conduct of the OP-1,
as discussed above, particularly the size and resources of OP -1 a n d the duration during
which this abuse has continued to the advantage
of DLF Ltd. and to the disadvantage of consumers, warrant imposition of a heavy penalty. Keeping, in view the totality of the facts and circumstances of the case, the Commission considers it appropriate to impose penalty at the rate of 7% of the average of the turnover for the last three preceding financial years on OP-1. Therefore, in exercise of powers under section 27 (b) of the Act, the Commission imposes penalty on DLF Ltd. as computed below: Turnover for year ended 31.03.2009 Rs 10,035.39 crores Turnover for year ended 31.03.2010 Rs 7,422.87 crores Turnover for year ended 31.03.2011 Rs 9,560.57 crores Total Rs 27,018.83 crores Average (Total ÷ 3) Rs 9006.27 crores 7 % of average Rs 630.43 crores Penalty rounded off to nearest number Rs 630 crores (or Rs 6.3 billion)
2 thoughts on “DLF FINED BY CCI FOR HAVING UNFAIR CLAUSES IN ITS SALE AGREEMENTS TO THE BUYERS OF THE PROPERTIES”
Does DLF getting whacked by CCI change anything? Looks like its business as usual…
The buyers have not learnt any lesson.
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