The COVID-19 outbreak has disrupted businesses globally and
companies around the world are reeling under the effects of this
pandemic. India has imposed an unprecedented nationwide lockdown
resulting in major disruption in economic activity.
It is estimated that enterprises across sectors would be
impacted by this pandemic and are likely to incur significant
revenue losses. The pandemic has also resulted in panic buying by
customers of essential products including masks, sanitisers,
ventilators, etc. leading to a shortage of some of the essential
products.
The crisis has also raised concerns over anti-competitive
practices such as price gouging. Companies are facing various
difficulties due to the COVID-19 crisis and these unprecedented
challenges may lead to companies resorting to some form of
cooperation that may not be permissible under the Competition Act,
2002 (Competition Act). This may pose challenges for enterprises
which are involved in helping the