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Pandrol Rahee Technologies (Pvt.) ... vs Delhi Metro Rail Corporation Ltd. & Ors. ... on 7 October, 2011

18. As observed by the Commission in M/s Pandrol Rahee Technologies Pvt. Ltd v. Delhi Metro Rail Corporation Ltd., Case No. 03 of 2010 competition concerns arise only in a particular market and for any market to exist, there has to be at least one producer / seller and one consumer / buyer who exchange a product or service for a price. Further, the market exists because the product or service has certain embedded utility and hence value. Competition laws are meant to ensure that competing producers / sellers do not destroy free and fair competition that should exist amongst them or do not exploit their consumers or competitors due to market power. This principle applies to all entities within any production chain. For any given product or service, the production chain can be said to end where the last transaction takes place and after which point the utility of the product or service is consumed by the person who buys it. The buyer may itself be producing some other product or service which is not part of the specific production chain of the first product, which is a consumable for the buyer. But here, the buyer would have the status of a consumer.
Competition Commission of India Cites 14 - Cited by 2 - Full Document
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