The Competition & Commercial Law Review

( Viraj Thakur is a third-year law student at the National Law School of India University. ) Introduction India currently lacks a defined business judgment rule (“ BJR ”). The BJR refers to the rule that shields directorial decision-making from derivative litigation  (pp. 332). As Rahul Singh has argued, the lack of a BJR leads to avoidable transaction and judicial costs, disincentivising legitimate risk-taking (pp. 331). Numerous pieces have advocated for the codification o

(Tejbeer Singh and Ryan Bang are fourth-year students at National Law Institute University, Bhopal) Introduction The Parliament has recently proposed an amendment to the Insolvency and Bankruptcy Code, 2016 ( IBC ) through its Insolvency and Bankruptcy (Amendment) Bill, 2025 . Clause 4 of the Bill aims to make sure that all the applications filed by financial creditors to start the Corporate Insolvency Resolution Process ( CIRP ) must be mandatorily admitted. This was done by

[Agastya Shukla is a Fifth Year law student at Panjab University, Chandigarh] Introduction On 21 November 2025 , the Trade Marks Registry (Registry)  , India accepted the first Indian application for an olfactory trademark. The Controller General of Patents, Designs and Trade Marks, directed that application No. 5860303 filed by Sumitomo Rubber Industries Ltd. (Sumitomo),  for a “floral fragrance/smell reminiscent of roses as applied to tyres” in Class 12, be advertised in t

[Somya Sharma and Harshit Sharma are 2nd year students at Hidayatullah National Law University, Raipur] INTRODUCTION Recently, the Reserve Bank of India ( RBI ) issued the Reserve Bank of India (Investment in AIF) Directions, 2025 ( Directions ), set to take effect from 1 January 2026. These directions aim to reshape the way banks, Non-Banking Financial Companies ( NBFCs ), and other Regulated Entities ( REs ) interact with India’s Alternative Investment Fund ( AIF ) ecosyste

[ Malvika Chandra and Mansi Awasthi are both third-year law students at Hidayatullah National Law University, Raipur. ] Introduction In a recent affidavit  filed in response to writ petitions by five Kirloskar group companies, the Securities and Exchange Board of India ( SEBI ), on the 3 rd of September 2025, contended that shareholders’ right to information takes precedence over the principles of privity and   promoters’ claims of privacy in the context of disclosing privat