PROBLEMS IN INTERPRETING COMPETITION ACT - ARE VAGUE TERMS LEADING TO AMBIGUOUS DECISIONS?
Abstract
The objective of the competition policy is to promote healthy competitive business environment in the market. It prevents market from anti competitive activity and maximize welfare and increase efficiency in the market by stabilizing and creating competitive market, so that interest of the consumer are protected and assure them fair trade practices. Competition law in India come in to full force from the year 2009, since from that year to up to this date commission put itself in between the Indian market and become watchdog of the agreements of the big companies that their agreement and their acts does not create an anti competitive environment within Indian market.
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