Competition law

Anti- Competitive Agreements: Knight in Shining Armour

Anti- Competitive Agreements: Knight in Shining Armour

Foreword Repealing the Monopolistic and Restrictive Trade Practices Act, 1969 (the “MRTP Act”). The Competition Act,2002 came into force and to adjudicate and administer the Act the Competition Commission of India (CCI) was also established.  In 1776 Adam Sith in his book “The Wealth of Nations”, He talked about the price fixing horizontal agreement. These agreements are harmful for the society and for economy as well but not all horizontal agreements are harmful like for sharing risk, cost saving, pooling know-how and launching innovations faster[1], but agreements for price fixing or to allocate territories have an anticompetitive effect. On 20…
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