The object of the Competition Act, 2002 as spelled out in its preamble is, “to provide, keeping in view of the economic development of the country, for the establishment of a Competition Commission to prevent practices having an adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto”. The Competition Act seeks to ensure fair competition by providing for: (i) prohibition of anti-competitive agreements; (ii) prohibition of abuse of dominance; (iii) regulations of combinations, acquisitions, mergers, and amalgamations of cartelizes; and (iv) competition advocacy. The Act provides for the establishment of a quasi-judicial body to be called the ‘Competition Commission of India’ (hereinafter referred to as CCI). CCI has been vested with various powers to meet aforesaid objectives and take all measures to ensure that fair competition prevails in the economy throughout every industry. 

We at ILS not only advise clients on Competition law issues but also represent the Client before the CCI, National Company Law Appellate Tribunal, Supreme Court of India, and Constitutional court if the need arises. The firm takes pride in its involvement in some of the most complex and high stake matters. Our firm can deal comfortably with all aspects of the Competition Law in India.