Feb 14, 2013, 04.54 PM IST | Source: PTI

COMPAT adjourns CCI-DLF case hearing to Feb 20

The Competition Appellate Tribunal today adjourned the hearing till February 20 on DLF's appeal against Rs 630-crore penalty imposed by the fair trade regulator CCI for abuse of its dominant position.

The Competition Appellate Tribunal today adjourned the hearing till February 20 on DLF 's appeal against Rs 630-crore penalty imposed by the fair trade regulator CCI for abuse of its dominant position.

A three-member COMPAT bench headed by its Chairman Justice V S Sirpurkar adjourned the matter to February 20. During the day long proceedings, the tribunal heard the arguments from the counsel for flat buyer's associations and Haryana government.

On the next hearing, counsel appearing for the Department of Town and Country Planning of the state of Haryana would resume his arguments.
   
The Competition Commission of India (CCI) had imposed Rs 630-crore penalty on DLF in August 2011 following its inquiries into complaints by flat buyer associations of two DLF projects in Gurgaon - DLF Park Palace and The Belaire - alleging delays in the project and increase in the number of floors than planned earlier, among others. The penalty was challenged by DLF before the COMPAT.

DLF stock price

On July 03, 2015, DLF closed at Rs 116.05, down Rs 0.7, or 0.6 percent. The 52-week high of the share was Rs 233.85 and the 52-week low was Rs 100.00.


The company's trailing 12-month (TTM) EPS was at Rs 5.27 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 22.02. The latest book value of the company is Rs 98.66 per share. At current value, the price-to-book value of the company is 1.18.

Set email alert for

ADS BY GOOGLE

video of the day

Economy turning for sure but cant say for mkts: DSP

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.