12th-Mar-2012 20:29Source: BSE

DLF - Order from Competition Commission of India (CCI)

DLF Ltd has informed BSE that:

"The Company has received an order from Competition Commission of India (CCI) in connection with information filed by Magnolia Flat Owners Association against the Company.

We would like to submit that conclusion of the said order is similar to the order of the CCI dated August 16, 2011. However, the order says that, since a penalty has been imposed in the earlier case, it will not be appropriate to separately impose penalty again in the instant case. Based on advice from our legal experts, the Company shall be taking requisite legal action including but not limited to appealing against the order at the Competition Appellate Tribunal (COMPAT)."