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Competition Commission of India rejects plaint against Emaar MGF

Comments Off on Competition Commission of India rejects plaint against Emaar MGF   |   March 20, 2014    09:32am   |Contributed by manoja

NEW DELHI: The Competition Commission of India has rejected allegations that realty firm Emaar MGF indulged in unfair business in a project here.

The allegation pertains to The Palm Square project where the complainant, Arvind Kumar Sachdev, had booked a commercial unit. It was alleged that most clauses in the buyer’s agreement were onerous and one-sided in violation of competition norms.

The panel has said that Emaar MGF Land and Active Promoters do not appear to be dominant in the relevant market. Since they don’t appear to be in a dominant position in the relevant market, “no question of abuse of its dominant position can arise in terms of the provisions of Section 4 of the Competition Act,” CCI said in its March 11 orders.

“Presence of other builders, prima facie, shows prevalence of competition in the relevant market. There is no material before the commission to infer that opposite party (Emaar MGF) could operate independently of competitive forces,” the order noted.

http://timesofindia.indiatimes.com/city/gurgaon/Competition-Commission-of-India-rejects-plaint-against-Emaar-MGF/articleshow/32323279.cms

News Published Under:   Gurgaon, Real Estate Companies, Real Estate Developers | Comments Off on Competition Commission of India rejects plaint against Emaar MGF



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