Penalty of Rs.1 cr has been imposed on Thomas Cook and Sterling Holiday Resorts by the Competition Commission of India (CCI) Imposition is on carrying out market purchases on certain deals before seeking fair trade watchdog’s approval The fine was on Thomas Cook Insurance Pvt Ltd on a deal involving merger of Sterling Holiday Resorts (India) with travel firm Thomas Cook … [Read more...] about CCI Imposes Fine on Thomas Cook, Sterling Holiday Resorts
Competition Commission of India (CCI)
Compat Upholds Penalty On DLF
The Competition Appellate Tribunal upheld the Rs. 630 crore penalty imposed on DLF by the Competition Commission of India for violating fair trade regulations and using its dominant position to exploit consumers. Belaire Owners’ Association in its complaint had alleged that DLF’s highly unfair, unreasonable and arbitrary conditions imposed on allottees of apartments in the … [Read more...] about Compat Upholds Penalty On DLF