Evolving Character of the Indian Merger Control Regime

Abstract

This article examines the evolving character of the Competition Commission of India (CCI) as regards merger review and discusses how CCI has fared in meeting legislative expectations and what is to come—best studied through analysing CCI’s substantive and procedural approaches, its stance in complex merger cases, initiatives for efficient case disposal, and the quirkier aspects of India’s merger control regime. The analysis shows that, through constant reforms, CCI has evolved into one of the most dynamic regulators amongst major merger control jurisdictions globally, displaying a willingness to adopt a business-friendly approach while dealing with complex transactions. CCI appears to be sufficiently adaptable to meet new economy challenges.