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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 August 01, 2014, at 09:46 hrs DLF was quoting at Rs 194.50, down Rs 3.9, or 1.97 percent. The 52-week high of the share was Rs 242.80 and the 52-week low was Rs 120.25.


The company's trailing 12-month (TTM) EPS was at Rs 2.96 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 65.71. The latest book value of the company is Rs 85.08 per share. At current value, the price-to-book value of the company is 2.29.

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