GURGAON-BASED real estate company DLF is all set to challenge the Rs 630 crore penalty imposed on it by the Competition Commission of India (CCI) after it was held guilty of abusing market dominance. DLF is likely to file the petition with Competition Appellate Tribunal or COMPAT in the coming week. The company has asserted that the fine imposed by the CCI was done without a show-cause notice being served to the company. DLF will also oppose the penalty, sources said, taking the plea that it was not a dominant market player in Gurgaon but had only 6 per cent of project licenses from 2002 to 2009. Continue reading..
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