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Abstract

A significant departure from the Monopolies and Restrictive Trade Practices Act, 1969, the Competition Act, 2002 revitalises protection against dominance, cartels and unfair trade practices. It employs anti-competitive measures to this end, the substantive and judicial exposition of which forms the subject of the present paper. The authors throw light on the legislative contribution to spreading awareness about competition law in India as well as on the loopholes present in the statute, consequently plaguing judicial verdicts with ambiguity. Given the nascent stage of development of competition law in India, it is argued that the performance of the Competition Commission of India can be significantly improved which will lend much required certainty and clarity in the understanding of the law.

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