CCI orders fresh probe against Jaypee Associates ToI and Economic - TopicsExpress

CCI orders fresh probe against Jaypee Associates ToI and Economic TImes dated 26.9.2014. NEW DELHI: Competition Commission has ordered a fresh probe against Jaiprakash AssociatesBSE 5.44 % for alleged unfair business practices in imposing unreasonable conditions on buyers at one of its realty projects. The latest investigation has been ordered by the fair trade watchdog on a complaint filed by a buyer at the companys Kensington Park at Jaypee Greens residential project in Noida, Uttar Pradesh. The complaint alleged that the firm was imposing certain anti-competitive clauses in its agreements for buyers. The Commission noted that the allegations made in the complaint were similar to certain other cases against Jaiprakash Associates wherein the regulator has already ordered a probe by its Director General (DG). CCI is presently probing Jaiprakash Associates in atleast four other matters related to unfair trade practices in the real estate market. After lookin ..

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