Types Of Anti Competitive Agreements In India

The ICC fined Hyundai INR 87 Crore and found that Hyundai`s anti-competitive conduct in the case included the introduction of agreements to maintain the resale price by monitoring the maximum level of discounts allowed by a rebate control mechanism and also a penalty mechanism for non-compliance with the rebate system. ICC Decision – The Commission found that such agreements were exclusive supply, exclusive distribution agreements and refusal to act in accordance with Section 3(4) of the Act, and the Commission therefore had to verify whether such agreements would have a CEAA in India. Conclusion The purpose of the Act is to prevent practices by parties that are anti-competitive or injurious to the market. It can be guaranteed in the event of free trade and protect the interests of all parties. .