The Settlement and Commitment Scheme under the Competition Amendment Bill, 2022: Analysis and Implications for Competition Law Enforcement and Consumer Protection in E-Commerce
By policing businesses' anti-competitive behaviour, the field competition law tries to maintain or foster market competition. The Competition Law Review Committee's report recommended the inclusion of the settlement and commitments scheme in the Competition Act, 2002 to help reduce litigations relating to anti-competitive practices and for swifter resolution. Leading to the Competition (Amendment) Bill, 2022 to be passed by the Lok Sabha. The researchers have provided an in-depth study of the settlement and commitment scheme and its way forward by critically analysing it and comparing it with other competition law remedies. Furthermore discussing its role in promoting fair trade practices and protecting consumer interests in the E-commerce sector.
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