Question

Summary of appellate tribunal under competition law

Answer 1

Competition Appellate Tribunalwas established in accordance with the provisions of the Amendment Act, 2002. Its function is to hear and dispose of appeals against any direction issued or decision made or order passed by the CompetitionCommission of India.
Generally, the agreements which cause or are likely to cause appreciable adverse effect on competition are anti-competitive agreements.Such agreements may be horizontal or vertical. ... The term 'appreciable adverse effect on competition', used in section 3(1) has not been defined in the Act.
· The Competition Appellate Tribunal also functions as a quasi-judicial body established with three members headed by a retired or serving judge of the Supreme Court or Chief Justice of High Court and acts as an appellate body to hear and dispose of appeals against any direction issued or decision made or order passed by ...