Deposit Rs.630 crore penalty, SC to DLF

By Super
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Deposit Rs.630 crore penalty, SC to DLF
    New Delhi, Aug 27 (IANS) The Supreme Court Wednesday penalised real estate giant DLF Rs.630 crore for exploiting its dominant position to the disadvantage of its customers in three projects in Gurgaon.
     

    An apex court bench of Justice Ranjana Prakash Desai and Justice N.V. Ramana said that DLF would furnish an undertaking to pay Rs.170 crore interest on the penalty of Rs.630 crore or the amount court may direct it to pay if its appeal falls in the Supreme Court.

    The court said that DLF will deposit Rs.50 crore of the Rs.630 crore within three weeks and the balance of Rs.580 crore within three months from Wednesday. The court directed the registry to put this amount in a fixed deposit in a nationalised bank.

    Read more about: dlf
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more