https://www.taxtmi.com/caselaws?id=185229 The court dismissed the petition, affirming that the Competition Act, 2002, applies to existing agreements still in effect, despite not being retrospective. It confirmed the Competition Commission's jurisdiction to investigate, as the MRTP Commission had not conclusively acted and ceased to exist. The determination of the relevant market is integral to the investigation process. The court held that the Act is not penal, as it does not criminalize agreements but ensures compliance with the Commission's orders. The constitutional validity of the challenged sections was upheld, and the petitioners' request for leave to appeal to the Supreme Court was denied. en-us Wed, 31 Mar 2010 00:00:00 +0530 Fri, 27 Oct 2023 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185229 The court dismissed the petition, affirming that the Competition Act, 2002, applies to existing agreements still in effect, despite not being retrospective. It confirmed the Competition Commission's jurisdiction to investigate, as the MRTP Commission had not conclusively acted and ceased to exist. The determination of the relevant market is integral to the investigation process. The court held that the Act is not penal, as it does not criminalize agreements but ensures compliance with the Commission's orders. The constitutional validity of the challenged sections was upheld, and the petitioners' request for leave to appeal to the Supreme Court was denied. Case-Laws Law of Competition Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185229