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The Ministry of Corporate Affairs, through notification dated September 9, 2024, i.e., shortly after the close of the monsoon session of the Indian parliament, implemented multiple merger control prov...
On August 23, 2023, the Competition Commission of India published draft regulations for settlements and commitments inviting public comments till September 13, 2023. Such settlements and commitments will enable the parties to propose structural or behavioural settlements and commitments in cases of vertical restraints and abuse of dominance (except cartels). Even though the Competition (Amendment) Act, 2023 had introduced the provision of settlement and commitment applications, they are yet to be notified as they require supporting regulations to elaborate on modalities for consideration of these applications. In this Newsalert, INDUSLAW's Avimukt Dar Unnati Agrawal, Yash Lahoty, Swapnil S, and Hrishav Kumar analyse these draft regulations.
