testing The Competition Law was introduced in India in its true sense by way of the Competition Act, 2002 and was made effective and notified from 2008. It is however said that the competition Act replaced the Monopolies and Restrictive Trade Practices (MRTP) Act, 1969.
The Competition Law prohibits enterprises 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 overlooking and formed to curb anti-competitive activities in India. The CCI can act upon issues on its own or on receipt of information. 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.
Recently CCI has been in the highlights for various issues involving cases of huge monetary value and investigations including dawn raids. 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. We are also defending parties before the COMPAT.