ABUSE OF DOMINANT POSITION UNDER COMPETITION LAW #competitionlaw #lawsubjects #law

Abuse of dominant position- Concept

Abuse is expressed to happen when an undertaking or a group of endeavors uses its prevailing situation in the significant market in an exclusionary or/and in an exploitative way. The Act gives a comprehensive list of practices that will comprise abuse of a dominant position and, in which circumstances these are disallowed. Such practices will establish misuse just when received by an endeavor getting a charge out of a prevailing situation in the pertinent market in India. Abuse of dominant position is decided as far as the predefined sorts of acts committed by a prevailing undertaking. Such acts are precluded under the law. Any abuse of dominant position indicated in the Act by a prevailing firm will stand denied.

Thus with the increasing use of abuse of dominant position, our implementation of statutory laws relating to the Competition Act also became relevant. The reason behind such a law is to ensure the independence of business and also to have an unstigmatized economic outlook without any fear of the dominant position of any other in the economy. Therefore, in the market, there should be an equal opportunity and equal opportunity to all who want to do the business. However, competition should prevail as long as it is healthy and as long as it helps the entire society to grow but it becomes disastrous when one starts to overpower the other in their own ways of business.