Fair trade watchdog Competition Commission of India has slapped a fine of Rs 2.4 crore on real estate major DLF as it failed to comply with its directives and continued with unfair trade practices.
After looking into the matter, CCI found that DLF had contravened its order, dated January 31, 2012 by issuing the impugned demand letters dated November 28, 2012. Besides, the entity “failed to show any cause, much less any reasonable cause, for non-compliance of the aforesaid order”.
“No stay on the cease and desist order by the Commission was operating when the non-compliance occurred. The said demand letter has not been withdrawn till date,” the order said. The CCI action was based on a complaint filed by Magnolia Flat Owners Association and one Rahul Kapoor regarding demand letters issued to them by DLF under the garb of super area.