ABSTRACT

The Monopolistic and Restrictive Trade Practice (MRTP) Act, 1869, the nation's first
competition law, was replaced by the Competition Act, 2002, which had the same goals of
limiting and regulating the concentration of economic power, monopolies, and unfair trade
practises, as well as outlawing monopolistic activities in the market. While the Competition
Act was put into place to promote and sustain competition in markets, safeguarding consumer
interests and ensuring trade freedom carried on by other participants in the Indian
market. commercial freedom and to encourage and maintain competition in the economy. It
was decided to enact a competition law in the country to promote fair competition by
prohibiting anti-competitive agreements, abuse of dominant position by enterprises and
regulation of combinations (mergers & acquisitions) that are highly likely to hurt competition
in India. While abuse of a dominant position is regarded harmful under the Competition Act,
dominance was judged negative under the MRTP Act. Adani Gas Ltd. was fined more than Rs.
25 crores by the Competition Commission of India in the Faridabad Industries Association v.
Adani Gas Ltd. case after finding that Adani Gas Ltd. had violated Section 4(2)(a)(i) of the
Competition Act, 2002 by placing unfair conditions on the buyers in the Gas Supply
Agreement. This paper focuses on the key perspectives of the case in detail. This paper further
tries to analyse the issues involved in the case, along with the highlighted cases. Towards the
end, the paper concludes with the impact of the case with respect to Competition Law.

Keywords: Competition Act, Adani Gas ltd., Dominance, MRTP Act, CCI