Competition Commission of India (CCI) imposes penalty of more than 10Cr on Ghaziabad Development Authority

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Competition Commission of India
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Competition Commission of India (CCI) imposes penalty of Rs. 1,00,60,794/- (Rupees one crore sixty thousand seven hundred ninety four only) on Ghaziabad Development Authority (GDA) for abuse of its Dominant Position; Cease and Desist Order was also issued against GDA. 

The Competition Commission of India (CCI) has found GDA to be in contravention of the provisions of Section 4(1) read with Section 4(2)(a)(i) of the Competition Act, 2002 for abuse of its dominant position by imposing unfair condition on the allottees from economically weaker sections in its Pratap Vihar Residential Housing Scheme.

CCI held that conduct of GDA in raising the price of EWS flats from the initial price of

Rs.2,00,000/- in 2008 to Rs.7,00,000/- in 2015 under the said

​Scheme without any enabling provision either in the Brochure of the Scheme or allotment letter is arbitrary and unilateral. Further, the condition for levying penal interest @ 10.5% per annum in case of delay in the payment of the quarterly instalments by the allottees without a corresponding provision for GDA in case delay of in giving possession of the flats is abusive, being one sided and unfair. Therefore, CCI held that such conduct of GDA is in violation of Section 4(2)(a)(i) of the Act. Resultantly, CCI has imposed a penalty of Rs. 1,00,60,794/- (Rupees one crore sixty thousand seven hundred ninety four only) on GDA for the said anti-competitive conduct. Besides, a Cease and Desist Order was also issued against GDA.

The Order was passed on 28.02.2018 in Case No. 86 of 2016 and a copy thereof has been uploaded on the website of CCI at www.cci.gov.in.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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