The Economic Times recently ran a story on how a liberal competition law regime was in the works and was part of the plan of action for the first hundred days after the formation of the new government.

The proposals seem majorly focused on speeding up IBC resolutions, which isn’t bad, but one does wish that the Corporate Affairs Ministry would also seriously look into the fixing the many flaws in the Competition Act, 2002, in Order to prevent unnecessary litigation on non-competition law issues which have off late become synonymous with Indian Competition Law jurisprudence.

For starters, it would be great if the new government could once again revive the Competition Amendment Bill, which unfortunately lapsed more than half a decade back. We have previously written about it here and here. It wasn’t perfect, but it would have gone a long way in plugging some of the gaps.