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DLF appeals COMPAT to set aside CCI order amending pact

CCI amended agreement between the realty major and flat buyers

Press Trust of India  |  New Delhi 

today moved the Competition Appellate Tribunal (COMPAT) challenging orders that amended agreement between the realty major and flat buyers.

Requesting to set aside the supplementary orders passed last month by relating to modification in sale agreement with flat buyers, argued that the fair trade regulator was directed only to propose changes and not to pass a formal order.

As per the COMPAT's directions issued on March 29, 2011 and November 9, 2011, was supposed to give only suggestions on buyers agreement, said in its petition.

DLF's appeals were mentioned today by senior advocate before a bench, headed by its Chairman Justice V S Sirpurkar, which directed it to list the matter on Monday for hearing.

On January 3, 2013, had passed order amending flat buyers' agreement of DLF's Belaire. Later, it extended the modifications suggested by it to DLF's Park Place and Magnolia projects also through two separate orders on January 10.

is hearing DLF's petition against Rs 630 crore penalty imposed by the in August 2011 for abusing its dominant position in the real estate market.

Last month, had passed a 104-page supplementary order modifying terms and conditions of the buyers agreement for Belaire project of

As per the order, the apartment buyers agreement has been amended to remove the "abusive and unfair conditions present in the original one-sided agreement" and the modifications have been done taking into account the interest of both parties.

The original order was passed by on August 12, 2011 following its inquiries into complaints filed by flat buyer associations of two projects in Gurgaon - Park Palace and The Belaire - alleging delays in the project and increase in the number of floors than planned earlier, among others.

First Published: Thu, February 07 2013. 19:25 IST