Bid Rigging And Its’ Interplay With Anti-Trust Law

Abstract

An anti-competitive agreement was one that would have the necessary ability to undermine the marketability and fundamentals. Bid Rigging is fundamentally an unlawful practice where the contending parties intrigue with one another to decide the champ in a bid. Whenever there is seen that the bidders coordinate, then, at that point, the costs are demonstrated to be manipulated which is viewed as very higher than cost in the unregulated economy offering process. Antitrust and competition laws are relatively new in India; awareness and understanding of these laws must permeate any business that has followed this practice as a daily practice.