Examination of Price- Fixing in India

Abstract

There exist many forms of cartels in different parts of the world which are detrimental to the interest of the society. If the cartels lead to loss in the economy of the jurisdiction, they are considered to be harmful and are prohibited. Price-fixing is one form of such cartels or anti-competitive agreements which are bad for the economy. Price-fixing was handled both by the Monopolies and Restrictive Trade Practices Commission (“MRTPC”) and presently the Competition Commission of India (“CCI”). The Article examines the evil of price-fixing and the efficacy of the law which addresses the practice in India.