Extra-Territorial Jurisdiction Of CCI

Introduction

The year 1991 was the "big bang" year for India as it ushered a wave of liberalisation and globalisation that swept the almost in tatters Indian economy. Although it was a change that was hailed by one and all, it also brought a big threat in the form of competition from foreign entities in India. The then existing Monopolistic and Restrictive Trade Practices ("MRTP") Act, 1969 was found wanting and inadequate at several instances and was finally repealed by the Competition Act, ("Act"), 2002. The Act sought to prevent any appreciable adverse effect on competition ("AAEC") by regulating anti-competitive agreements and combinations. Competition Commission of India ("CCI") established under the Act started looking into violations of the Act, a task based on its own knowledge or information or complaints by individuals and references made by the government, state or central government or statutory authorities. Like most of the other prevailing laws