The Competition & Commercial Law Review

[Shubhranshu and Nishaan Potluri are undergraduate students at NALSAR University of Law] The Union Government recently notified the enforcement of India's new central labour codes. The new codes aim at consolidating twenty-nine fragmented central labour statutes into four comprehensive codes, the Industrial Relations Code, the Code on Wages, the Occupational Safety, Health and Working Conditions Code ("OSH Code") and the Code on Social Security. The main reason provided by t

[Vinayak Srivastava is a third year student at National Law University and Judicial Academy, Assam] The Reserve Bank of India’s (“RBI”) amendment to the Commercial Banks – Capital Market Exposure Directions, issued on 13 February 2026, is not merely a regulatory update. It is, in a meaningful sense, the end of a long era of institutional caution. For decades, Indian commercial banks were largely kept out of acquisition financing, a market that thrived, in their absence, on fo

[Keshav Agarwal is a third year student at Gujarat National Law University] Introduction The Trade Receivables Discounting System (“TReDS”) was established for financing the Micro, Small and Medium Enterprises ("MSME") trade receivables through discounted invoices and factoring facilities. Some important provisions of the recently issued RBI TReDS Directions, 2026 concerning the assignment of receivables, without recourse financing, and re-discounting have made the TReDS mech

[Saanvi Rao is a third year student at Gujarat National Law University] Introduction When IL&FS collapsed in 2018, and when the auditors of Dewan Housing Finance Corporation Ltd ("DHFL") came under scrutiny shortly after, a quiet institutional embarrassment surfaced: India’s single focus audit regulator, the National Financial Reporting Authority (“NFRA”), was virtually powerless. Not being a corporate entity, NFRA did not have any independent rule-making power and was entire

[Khyati Maurya and Saransh Sood are fourth-year B.A. LL.B. Students at Gujarat National Law University.] Introduction In a significant ruling affecting the construction and infrastructure sector in India, the Supreme Court of India in Prakash Atlanta (JV) v. National Highways Authority of India ( the Judgement ) clarified an important question concerning the levy of construction worker welfare cess under the Building and Other Construction Workers’ Welfare Cess Act, 1996 . (