Explain the provision of appeal, filed against the order of the Appellate Tribunal, under the Competition Act, 2002.

CS Executive · Economic, Business and Commercial Laws · PYQS · December 2024
Explain the provision of appeal, filed against the order of the Appellate Tribunal, under the Competition Act, 2002.

Answer & Explanation:

Section 53B of the Competition Act, 2002 provides that the Central Government or the State Government or a local authority or enterprise or any person, aggrieved by any direction, decision or order referred to section 53A(a) of the Competition Act, 2002 may prefer an appeal to the Appellate Tribunal. Every appeal shall be filed within a period of sixty days from the date on which a copy of the direction or decision or order made by the Commission is received by the Central Government or the State Government or a local authority or enterprise or any person and it shall be in such form and be accompanied by such fee as may be prescribed. It may be noted that the Appellate Tribunal may entertain an appeal after the expiry of the said period of sixty days if it is satisfied that there was sufficient cause for not filing it within that period. On receipt of an appeal, the Appellate Tribunal may, after giving the parties to the appeal, an opportunity of being heard, pass such orders thereon as it thinks fit, confirming, modifying or setting aside the direction, decision or order appealed against.

Topics: Competition Law

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