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of <h1>Section 53N: Seek Compensation for Competition Act Violations; Collective Applications Allowed; Focus on Eligibility and Amount</h1> Section 53N of the Competition Act, 2002, allows the Central Government, State Governments, local authorities, enterprises, or individuals to apply to the Appellate Tribunal for compensation due to findings or orders by the Commission, Appellate Tribunal, or Supreme Court. Applications must include relevant findings and prescribed fees. The Tribunal, after inquiry, can order compensation from enterprises for losses caused by contraventions of Chapter II. Multiple affected parties can apply collectively. Applications are valid only after a violation is determined by the Commission, Tribunal, or Supreme Court, and inquiries focus on compensation eligibility and amount, not re-evaluating violations.
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