Last month the Competition Appellate stayed the Rs 630 crore penalty fair trade regulator CCI had imposed on India's largest real estate company by market value, DLF for abusing its "dominant" position and treating home buyers unfairly. However, in an exclusive interview with CNBC TV 18 the company chairman Kushal Pal Singh said the company had done nothing wrong knowingly, althoughinadvertently mistakes do happen.
"My son Rajiv drives the company. I know his philosophy. He is a very hard taskmaster. He is very clearheaded. He makes no moans about it and he deals in a manner according to rules and regulations. But sometimes people misunderstand," he said."
The case pertains to CCI having imposed Rs 630 crore fine on DLF on 16 August for abusing its dominant market position and imposing unfair conditions on the buyers of its flats. Later in the same month, CCI passed another order in a separate case wherein it asked DLF to 'cease and desist' from misuse of dominant position, but did not impose any penalty in this matter.
The orders followed enquiries by CCI on complaints filed by flat-buyer associations of two of the DLF projects in Gurgaon.
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Updated Date: Dec 20, 2014 05:32:00 IST