For any law, anywhere in the world or in India, be it the Indian constitution or Indian Penal Code or the Code of Criminal Procedure, the black letter law is as important as judicial pronouncement which lay down precedents. The law, as laid down by the statute, gets continuously shaped, modified and evolved in the light of judicial pronouncements made by the courts from time to time. If we look at the Indian Constitution, we can easily understand that the meaning of certain words and phrases have undergone considerable changes depending on the interpretations made by different judicial authorities. As a live example, right to life is no more simply a right to merely live but a lot beyond. It does not merely means to be able to breathe and that too in some non-human form of existence. Today, with a number of pronouncements by the judiciary, it includes right to livelihood, human dignity and health . Indian competition law is no exception.