Abstract

This research paper goes into the complex world of anti-competitive agreements as well as the legal framework that surrounds them in India. It examines the Competition Act of 2002, covering the definition and several sorts of anti-competitive agreements such as price fixing, rigging bids, market allocations, and production limiting. The economic consequences of such agreements, including consumer damage, market distortion, and stymied innovation, are well investigated. This article provides light on the effectiveness of legal measures in combating anti-competitive activity by conducting an in-depth examination of the enforcement systems and penalties in the Competition Act, encompassing the process of investigation, adjudication procedures; and leniency provision. Furthermore, via case studies and global perspectives, it sheds light on comparative antitrust legislation and competition authority collaboration. Finally, it discusses the problems and future prospects, underlining the significance of tackling emerging trends like digital marketplaces and improving leniency provisions. This extensive analysis contributes to a deeper comprehension of anti-competitive agreements as well as emphasises the importance of strong competition law enforcement in ensuring fair and competitive markets.

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