Regulatory Choreography at the Nexus of Competition Law and Insolvency Resolution

  • Dr. Mayank Pratap
  • Show Author Details
  • Dr. Mayank Pratap

    Assistant Professor at Banaras Hindu University, Varanasi, India

  • img Download Full Paper

Abstract

The intersection between competition law and insolvency resolution represents one of the most complex and dynamic areas of economic regulation in contemporary India. Competition law, embodied in the Competition Act, 2002, seeks to prevent market distortions arising from anti-competitive agreements, abuse of dominance, and undue concentration of economic power. Conversely, the Insolvency and Bankruptcy Code, 2016 (IBC) focuses on ensuring the timely revival or efficient liquidation of financially distressed enterprises to promote economic efficiency and credit discipline. When these two frameworks converge—especially in cases of mergers, acquisitions, or takeovers resulting from insolvency proceedings—their objectives may appear to conflict: one prioritizes market fairness, while the other emphasizes business continuity and asset preservation. This article delves into the evolving interface between these regulatory regimes, analyzing statutory provisions, institutional coordination, and the jurisprudence developed by the Competition Commission of India (CCI) and the National Company Law Tribunal (NCLT). It explores how regulators have sought to harmonize procedural timelines, balance market efficiency with fairness, and address challenges of jurisdictional overlap. Drawing from comparative international practices, the study proposes a coherent framework for synchronizing competition and insolvency objectives, thereby fostering a more resilient, transparent, and competitive economic environment in India.

Keywords

  • Competition Law
  • Insolvency and Bankruptcy Code
  • Regulatory Coordination
  • Market Concentration Corporate Resolution

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 8, Issue 6, Page 321 - 327

DOI: https://doij.org/10.10000/IJLMH.1111061

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

Copyright

Copyright © IJLMH 2021