Corporate and Competition Law

What is known as Anti Trust Law in developed Countries is known as Competition Law in India and is regulated by The Competition Act, 2002. Prior to introduction of Competition Act in India, the subject matter was regulated by Monopolies and Restrictive Trade Practices (MRTP) Act, 1969

The Competition Law prohibits enterprises to form cartels and to enter into anti-competitive/ collusive agreements or to abuse their dominant position and to form anti competitive combinations. Competition Commission of India (CCI) is the body formed to curb anti-competitive activities in India. The CCI can act suo moto or on receipt of a formal complaint. CCI has the power to award compensation, impose penalty and can recommend to the Central Government division of a dominant enterprise to ensure that it does not abuse its position. Decisions of CCI can be challenged before Competition Appellate Tribunal (COMPAT). 

In the field of Competition/Anti-Trust Law we are representing enterprises in seeking relief against anti-competitive practices of their competitors as well as for defending enterprises against whom complaints have been filed before the CCI/COMPAT.