Partner G.R. Bhatia and Associate Sanyam Juneja have recently authored an interesting article titled ‘Judicial Shift: CCI Approval First In Distressed M&A Deals’ published on Mondaq.
The article explores the role of regulatory approvals in failing business acquisitions, focusing on the mandatory approval of mergers and acquisitions (M&A) by the Competition Commission of India (CCI) before the Committee of Creditors (CoC) approval. This development, particularly relevant for distressed companies under the Insolvency and Bankruptcy Code (IBC), highlights the importance of maintaining fair competition, ensuring legal compliance, and protecting stakeholder interests in corporate transactions.