Author: Contributor
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SEBI’s Shift in Closing Price Mechanism: Rationale and Reality
[Ayush Raj and Tanay Hindocha are 4th year students of the B.A. LL.B. and BBA LL.B. (Hons.) programmes, respectively, at Gujarat National Law University.] In August 2025, SEBI floated a consultation paper proposing a major change in India’s closing‐price mechanism: replacing the day’s half‐hour volume‐weighted average price (VWAP) with a discrete closing auction session (CAS). SEBI argues in the paper
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The Uneasy Coexistence of PMLA and IBC: Mapping Judicial Interplay
[Harsh Bansal is a final year B.A., LL.B. (Hons.) student at Rajiv Gandhi National University of Law] The overlap between the Prevention of Money Laundering Act, 2002 (PMLA) and the Insolvency and Bankruptcy Code, 2016 (IBC) has repeatedly troubled Indian courts and academics alike. Both statutes contain sweeping non-obstante clauses: section 71 in PMLA and section 238 in
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Decoding ECB Restrictions Through the Core Business Lens
[Sanya Purohit and Kushal Agarwal are 4th year students at Hidayatullah National Law University, Raipur in the B.A., LL.B. (Hons.) course] Six years after the Reserve Bank of India (‘RBI’) overhauled its Master Direction on External Commercial Borrowings, Trade Credits, and Structured Obligations (‘ECB Directions’) in 2019, the scope and application of end-use restrictions remain ambiguous, with no formal definitions provided. Although
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The Tax Policy Paradox in Fast-Track Demergers
[Aayush Agarwal is a 3rd year student at Gujarat National Law University, Gandhinagar and Taher Hussain is a 4thyear student at Maharashtra National Law University, Mumbai] On July 21, 2025, the Select Committee on the Income Tax Bill, 2025, presented its Report (‘the Report’) before the Parliament, analysing various provisions of the new bill and suggesting appropriate changes to it. One
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SEBI’s Proposal on Minimum Public Shareholding and its Spillover Effects
[Manisha Soni is a corporate lawyer based in New Delhi, India] The Securities Exchange Board of India (SEBI) has released a consultation paper on 18 August 2025, proposing sweeping changes in rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (SCRR), governing Minimum Public Offer (MPO) and Minimum Public Shareholding (MPS). These rules determine how much of a company’s equity must
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Level Playing Field or Market Lock-Out? CCI’s Probe into Google’s RMG Commitments
[Anmol Jain is a 4th year BCom LLB (Hons.) student at Institute of Law, Nirma University and Swayam Mundhra a 4th year student at Gujarat National Law University] In December 2022, WinZO Games Pvt. Ltd., a leading Indian Real Money Gaming (RMG) platform, filed a complaint with the Competition Commission of India (CCI) alleging that Google
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National Mineral Exchange and SEBI: Shaping Price Discovery for India’s Minerals
[Arjun Chaudhary and Jainam Shah are 4th Year Law students at Gujarat National Law University] The Indian government’s landmark move to introduce the “National Minerals Exchange” has been hailed as “India’s LME Moment”, a nod to the London Metal Exchange (“LME”), which has played a major role in controlling global metal pricing over the last century. Although this reform may seem ambitious
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Furnace Fabrica: Analysing the Interplay of the IBC and the EPFO Act
[Vanshika Sharma and Ayush Singhal are 4th year B.A., LL.B. (Hons.) students at NALSAR University of Law, Hyderabad] The Insolvency and Bankruptcy Code, 2016 (“IBC”) was introduced with the primary objective of a time-bound resolution of corporate insolvency. However, since its inception, its operational mechanics have been challenged by an array of statutory overlaps. A notable overlap is the
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India’s Gun-Jumping Framework: When Does a Combination “Come Into Effect”?
[Rashi Kumari is a 4th year law student at the National University of Study and Research in Law, Ranchi and Ananyashree Jaiswal a 4th year law student at the Gujarat National Law University, Gandhinagar] Gun jumping, i.e., a premature implementation of a combination before receiving regulatory approval, has emerged as a significant global antitrust concern. In India, section 6(2A) of the
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Jurisdictional Overreach and the Illusion of Equity: A Critique of the Delhi High Court’s Intervention in EPI v. MSA Global
[Saksham Agrawal is a third-year B.A., LLB, Hons., student at National Law School of India University, Bangalore] In Engineering Projects India Ltd v. MSA Global LLC (25 July 2025), the Delhi High Court issued an anti-arbitration injunction restraining the continuation of an ICC arbitration seated in Singapore. The judgment purports to protect the integrity of the arbitral process
