DOMINATING POSITION OF BIG ESTABLISHMENTS OVER NEW COMPETITORS IN INDIA – WITH SPECIAL REFERENCE TO COMPETITION ACT
AUTHOR – GAYATRI JADHAV, SCHOLAR AT DES NAVALMAL FIRODIA LAW COLLEGE
BEST CITATION – GAYATRI JADHAV, DOMINATING POSITION OF BIG ESTABLISHMENTS OVER NEW COMPETITORS IN INDIA – WITH SPECIAL REFERENCE TO COMPETITION ACT, ILE MULTIDISCIPLINARY JOURNAL, 4 (1) OF 2025, PG. 513-519, APIS – 3920-0007 | ISSN – 2583-7230
ABSTRACT –
Abuse of dominant position by the well-established companies is done to increase the profit of the companies by restraining the competitors to enter the markets using various techniques.
The monopolies and restrictive trade practices act was passed in 1969, it was the first act to be ever enacted in the India to curb the problem of unfair competition in India, later it was replaced by the competition act 2002. A newly established organization now a days are facing various problems while entering the market due to malpractices done by other companies in the market, it includes entering into anti-competitive agreements, unfair pricing, etc.
in India due to such malpractices the fair competition is affected and rights of the companies to carry on the trade is violated. Various ways are adopted by the companies to abuse their dominant position, which includes imposing unfair or discriminatory conditions on purchase or sale of goods and service, restraining or denying their market access. The importance of trade has increased immensely in current days, it is required to maintain the healthy competition in the market to help the economy and avoid monopoly. The competition act provides remedies to avoid the abuse of dominant position in the market, by the way of imposing various regulations and penalties on the companies for imposing such the abovementioned abuse on the new companies. The researcher has taken this topic to study the effective enforcement of the competition act to avoid the problem of abuse of dominant position.
Keywords – abuse, dominant, competition, company, monopoly.