DLF under MRTPC scanner (IIPM Publication)

DLF Universal Limited received a rap on the knuckles after the Monopolies and Restrictive Trade Practices Commission (MRTPC) found the Indian real estate biggie guilty of unfair trade practices. DLF was found guilty for delaying construction and subsequently charging extra money from customers for cost escalations. The issue was brought to MRTPC after aggrieved customers requested for an Unfair Trade Practice enquiry against DLF. The customers also filed a compensation application, seeking interest for late delivery, as DLF could not finish the construction on time. MRTPC has asked DLF to pay interest at the rate of 9% to its consumers.

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Source: Publication, IIPM