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Reimagining India’s Index Option Trading Framework
[Amritanshu Rath is a 3rd Year BA LLB (Hons) student at National Law University Odisha. Amani Pundir is an advocate practising in Delhi.] Introduction The derivative market in India experienced a radical change after the launch of stock options at the National Stock Exchange (NSE) in 2002. Since then, the Indian market has transformed into one of the world’s most active retail derivative markets, with more than 36.8 billion equity index options traded on India's NSE and Bomba

The Competition and Commercial Law Review
5 days ago8 min read


Beyond GIFT City: A Case for a Domestic SPAC Ecosystem
[Devanshi Ganta, a fourth-year B.A. LL.B. (Hons.) student at the National Law School of University, Bengaluru.] Introduction Recently, Agility Robotics, a startup that creates humanlike robots, announced plans to go public through a $2.5 billion deal with Churchill Capital Corp. XI, a Special Purpose Acquisition Company (‘SPAC’). Similarly, Newcleo, a French nuclear developer, announced plans to go public via a SPAC merger valued at $2.4 billion. Though SPACs cratered after

The Competition and Commercial Law Review
5 days ago8 min read


SEBI (Mutual Funds) Regulations, 2026: Structural Reform or Sophisticated Consolidation?
[Pranjal Pradhan is a second year student of law at the National Law University Odisha] Introduction The mutual fund industry of India, with assets under management of over ₹55 lakh crore and more than 100 million retail investors , has over the years, lived under a framework that has undergone gradual changes generating compliance drag and interpretive ambiguity in equal measure. The Securities and Exchange Board of India (“SEBI”) has on January 10, 2026, notified the SEB

The Competition and Commercial Law Review
Aug 237 min read


When Does a Cartel Stop Being a Cartel? Revisiting the CCI's AIOCD Closure Order
[Gunjan Sharma is a fifth-year undergraduate law student at Rajiv Gandhi National University of Law, Punjab. She has a keen interest in competition law and data privacy] Introduction On 29 June 2026, the Competition Commission of India (“CCI”) closed a fourteen-year-old investigation into one of the most ambitious cartel and boycott cases in the pharmaceutical distribution sector. Kailash Gupta v. All India Organisation of Chemists and Druggists & Ors. (“AIOCD”) began in 201

The Competition and Commercial Law Review
Aug 157 min read


BREAKING UP OR MAKING UP: THE REMEDY DILEMMA IN THE GOOGLE ADTECH CASE
[Aashi Sharma & Priyal Jain are fouth-year students at Rajiv Gandhi National University of Law, Punjab] Introduction Recently, British advertisers have filed a lawsuit against Google seeking up to 3 billion euros in compensation for its alleged abuse of dominance in the online display advertising market. However, this is not first in the series of pending and disposed antitrust law suits against the tech giant for favouring its own online display advertising services. Over t

The Competition and Commercial Law Review
Aug 109 min read
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