OUR DISTINCTIVE FACTOR

Competition Law is vital in every economically developed and developing jurisdiction to augment healthy competition between the businesses in a market – to keep prices low and look for innovative ways of operating and to ensure that consumers benefit from the best deals, cheapest prices and most efficient service.

The enforcement provisions of Competition Act, 2002 came into force on 15 May, 2009. After its inception and in its journey of 9 years, the practice area is still at an early stage of jurisprudence with very few experts in India. It is interesting to note that in this short history, the Hon’ble Competition Commission of Indiahas imposed heavy penaltieson enterprises, which has gone as high asRs 6,316.59 crorefor violation of competition law.Apart fromcontraventions of abuse of dominant position or anti-competitive conduct under section 3 and 4 of the Competition Act, 2002, the penalties have also been imposed under section 43A for not complying with requirement to file notice under section 6 of the said Act.

As trusted advisors to our clients, we at KK Sharma Law Offices endeavour to identify such complex issues in competition law including filing applications for recovery of compensation for the loss shown to have suffered by an enterprise or a person (who may or may not be a party to the proceedings before the CCI or NCLAT) which is arising out of findings of the CCI or NCLAT against the anti-competitive conduct of an enterprise.

Automobile

Having got one of the global automobiles giants imposed with a fine of Rs. 87 crores amongst other instances, our grip on this sector is complete. KK Sharma Law Offices ('Firm') has dealt with the procurement of services of Car Carrier Trucks by market leader in automobile sector in India and brought the anti-competitive practices to the fore.

Banking And Finance

The very first investigation in the country into competition law violations was made which resulted in a cascading effect of company after company giving up the claims of loan foreclosure charges in home and car loans across the country, amongst others, were under taken.

Bulk Transportation

When the allegations of cartel were brought before the enforcement machinery against the flexible conveyor belt manufacturers they were clear in their mind that only KKSLO can deal it successfully and, accordingly, they availed our services.

Film

The very first successful instance of cartelisation dealt by the competition agency in the case of Ficci Multiplex Association was very successfully dealt with by the competition agency under the overall supervision of Mr. Sharma.

Future Trading of Agriculture Commodities

The very first penalty on the leading stock exchange of the country exceeding Rs.50 Crores was based on the investigation done by the Mr. Sharma. Subsequently, when there were allegations of future trading and guar gum and other similar commodities, for saving the enterprises from huge fines, the Firm was the natural choice for representing these companies.

It may not be that well known no manufactured vehicle can leave the premises of the manufacturer except without being loaded on to the car carrier trucks. When the instances of anti competitive practices came to the fore, the Firm was the first choice to taken services from.