GIRISH CHANDRA GUPTA vs U.P INDL.DEV.CORPN.LTD

The Supreme Court held that applications for compensation under Section 12B of the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) are not maintainable without prior separate proceedings alleging unfair trade practices under Section 10 or Section 36B of the MRTP Act. The Court affirmed the Competition Appellate Tribunal's dismissal of the appellants' compensation applications, citing the precedent set in Saurabh Prakash v. DLF Universal Ltd. [(2007) 1 SCC 228]. Consequently, the appeals were dismissed, upholding the Tribunal's interpretation of the MRTP Act's procedural requirements.