The Competition & Commercial Law Review

[Anushikha Peer is a third year law student at Rajiv Gandhi National University of Law, Punjab] Introduction Prior to the insertion of Section 148A of the Income Tax Act, 1961, the court had laid down certain procedural requirements in the case of GKN Driveshafts v. ITO, mandating furnishing of reasons for reopening an assessment, inviting objections, and disposing of them by a speaking order before proceeding further. During the period of 1st April- 30th April, 2021, the dep

[Ansh Mishra is a fourth year law student at Maharaja Agrasen Institute of Management Studies.] Introduction In a ruling with significant consequences for the architecture of India's securities clearing and settlement system, the Supreme Court of India in Edelweiss Custodial Services Limited v. NSE Clearing Limited & Anr., has settled a question that had troubled Professional Clearing Members (“PCMs”), Trading Members (“TMs”), and retail investors alike: does a PCM owe a stat

[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

[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

[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