The Indian Competition Authority issues penalty against unfair contracts for purchase of flats and for the first time in India focuses on "exploitative" rather than "exclusionary" abuse of dominance (Belaire Owner’s Association / DLF / Haryana Urban Development Authority)

DLF fined INR 630 Crores (INR 6.3 billion) by CCI for abusing the dominant position* Introduction Competition Commission of India (“CCI”) vide an order dated August 12, 2011 in Belaire Owner's Association vs. DLF Limited and HUDA. (Case no. 19/2010) has, inter alia, imposed a penalty at the rate of 7% of the average of the turnover for the last three years on DLF Ltd. The penalty amounting to INR 6.3 billion has been imposed for abuse of dominant position for imposing unfair conditions in the agreements made by the Co. with flat buyers. The full text of the decision is available on the website of CCI We present a brief synopsis on the developments leading to the final order by CCI, as under. Allegations against DLF It was alleged by the Informant (i.e. Belaire Owner’s Association) DLF

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  • Vaish Associates, Advocates (New Delhi)

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Man Mohan Sharma, The Indian Competition Authority issues penalty against unfair contracts for purchase of flats and for the first time in India focuses on "exploitative" rather than "exclusionary" abuse of dominance (Belaire Owner’s Association / DLF / Haryana Urban Development Authority), 12 August 2011, e-Competitions Bulletin August 2011, Art. N° 87766

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