New Delhi: Competition Commission of India (CCI) chairman Ashok Chawla said on Wednesday that due to stays by the courts on penalties imposed by the antitrust regulator, the CCI had managed to recover less than 10% of the fines it had slapped on companies for various violations.

The CCI has recovered some 1,000 crore out of a total penalty amount of 11-12,000 crore, Chawla said at an interactive session at the PHD Chamber of Commerce and Industry .

The CCI has imposed heavy penalties on big companies in a number of cases. It slapped a fine of 6,714.83 crores on 11 cement companies and the Cement Manufacturers’ Association in 2012, but the penalties were stayed by the Competition Appellate Tribunal. The parties have been directed to only deposit 10% of the total penalty amount.

CCI imposed a penalty of 2,554 crore on 14 car manufacturers in August for failing to sell spare parts in the open market, but the move has been stayed by the Delhi high court.

In one of the few exceptions, the apex court asked real estate company DLF Ltd to deposit a sum of 630 crore with it, pending a decision on the company’s appeal against the fine.

DLF was penalised by the antitrust regulator in 2011 for abusing its dominant position with regard to its apartment buyer agreements. Buyers of flats built by DLF had complained before the CCI, alleging that the builder had constructed more floors than planned and there were delays in projects.

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