New Delhi: The Competition Commission of India (CCI) has ordered a probe against Jaiprakash Associates Ltd through majority orders in two separate cases involving real estate projects in the National Capital Region for alleged abuse of dominant market position and imposition of “unfair” conditions on buyers. This section relates to abuse of dominant market position. In the second case, concerning booking of an apartment in KUBE project of Jaypee Greens in Noida, the majority order signed by CCI chairman D.K. Sikri and four other members have ordered a probe by the DG—the investigating arm of the regulator—for alleged abuse of dominant market position and imposition of “unfair” conditions. After looking into the latest complaints, the majority members said they are of a “prima facie opinion” that Jaiprakash Associates is in the dominant position.

Source: Mint September 15, 2016 18:00 UTC