Recent Regulatory Developments In The Indian Competition Law Regime

Introduction

In the dynamic landscape of competition law in India, the year 2023 marked a series of pivotal developments that shaped the country's approach towards anti-trust and fair market practices. On April 11, 2023, the Competition (Amendment) Act, 2023 ("Amendment Act"), was enacted, laying the groundwork for substantial changes including and not limited to implementation of a deal value threshold, establishment of a settlement and commitment mechanism, widening the scope of the definition of 'control', inclusion of facilitators of anti-competitive agreements or cartels under the purview of persons liable for entering into anti-competitive agreements, revised timelines, and penalties.