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.
