DLF Files New Undertaking In SC, Will Pay CCI’s Fine In 6 Instalments

Realty giant DLF has filed a new undertaking in the Supreme Court, in which it has asked the court to allow it to deposit balance amount of Rs 480 crore out of Rs 630-crore fine six monthly instalments. The Competition Commission of India (CCI) had imposed a fine of Rs 630 crore on DLF for alleged “unfair business practices.”

The court allowed DLF’s contention and said it would start final hearing in the case from February 11. DLF has already deposited Rs 150 crore out of the total fine of Rs 630 crore.

The bench headed by Justice SJ Mukhopadhaya also directed the real estate giant to revise its agreements with flat buyers. "We will first hear the question of jurisdiction. Whether the Commission had the jurisdiction or a consumer forum," the court said.

DLF had moved the Supreme Court, citing its inability to pay the entire Rs 630-crore fine, which is a pre-condition imposed by the court to entertain its appeal against CCI’s order. It asked for more time for paying the remaining amount, saying that it is facing some financial problems.