COMPETITION LAW/ANTI TRUST LAW

Competition Law ensures free-trading and competition between businesses for better public services. The Competition Act, 2002 is enacted to eliminate the practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade carried on by other participants in markets, in India.
Competition Act, 2002 established the Competition Commission of India, a quasi judicial body to enforce the provisions of the Act. The Commission may, upon its own knowledge or information or an Application can institute proceedings and may cause investigation, or conduct an enquiry. The Commission may pass directions, orders and where the Commission deems necessary, may pass ex-parte orders to temporarily restrain any party from carrying on certain acts until the conclusion of such inquiry or until further Orders. The Commission may impose monetary penalties for non-compliance of its orders or directions, and further may file a Complaint before Chief Metropolitan Magistrate, Delhi. The National Company Law Appellate Tribunal (NCLAT) has Appellate Jurisdiction for any direction, decision or order passed by the Commission. Further, the decision or order passed by NCLAT is Appealable before the Supreme Court.
The Firm assists and advises in relation to policy making and drafting of contracts, agreements. Further, the Firm provides legal assistance to solve the complex legal issues and in relation to compliance of orders, directions or regulations issued by the Commission. The Firm also drafts the Petitions and Applications and appears before the Commission, National Company Law Appellate Tribunal and the Supreme Court of India.