Raizada Law Associates is an experienced Antitrust & Competition Law Firm in Delhi. We have best Competition Lawyers in New Delhi. Antitrust and competition laws are designed to promote and maintain fair competition in the marketplace. These laws prohibit anti-competitive practices such as price-fixing, bid-rigging, and abuse of dominant market position. In India, antitrust and competition laws are governed by the Competition Act, 2002. The act prohibits anti-competitive agreements, and abuse of dominant positions, and regulates combinations (mergers and acquisitions).
The Competition Commission of India (CCI) is the regulatory body responsible for enforcing the Competition Act, 2002. The CCI has the power to investigate alleged anti-competitive practices, impose fines, and order the dissolution of anti-competitive agreements. The CCI can also approve or reject combinations (mergers and acquisitions) based on the provisions of the act.
The Indian courts play a crucial role in enforcing antitrust and competition laws. The Competition Appellate Tribunal (COMPAT) is the appellate forum for antitrust and competition matters. The COMPAT hears appeals from the decisions of the CCI and can also hear appeals from the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) related to competition matters.
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