Pharmaceutical Antitrust in India India’s pharmaceutical sector operates at the intersection of public health regulation and competition law enforcement. As one of the world’s largest producers of generic medicines, the industry is subject to a comprehensive legal framework designed to ensure the safety, affordability, and availability of medicines while preserving fair market competition. Pharmaceutical companies must comply with regulations governing drug approvals, manufac

BACKGROUND Press Note 3 (2020) (" PN3 ") was issued by the Department for Promotion of Industry and Internal Trade (" DPIIT ") in April 2020, primarily to curb opportunistic takeovers and acquisitions of Indian companies during the COVID-19 pandemic. PN3 amended Para 3.1.1 of the Consolidated FDI Policy Circular of 2020 (" FDI Policy ") to require all investments from countries sharing a land border with India (" LBCs ") [1] to be made only under the Government route, i.e.,

BACKGROUND Introduced during the COVID-19 pandemic to curb opportunistic takeovers of Indian companies, Press Note 3 of 2020 (" PN3 ") mandated prior approval from the government for all foreign direct investment, whether direct or indirect, where the investor or its beneficial owner is situated in or is a citizen of a country sharing a land border with India (" LBC ") [1] . While the restrictions under PN3 were largely aimed at investments from China, in reality, these restr

On 16 February 2026, the Reserve Bank of India (“ RBI ”) notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 (the “ New ECB Framework ”), which came into force with immediate effect from the date of notification. The New ECB Framework constitutes one of the most comprehensive overhauls of India’s external commercial borrowing (“ ECB ”) framework to date. The principal changes introduced pursuant to the New ECB Framework are sum

On 10 th  February 2026, the Ministry of Electronics and Information Technology ( "MeitY" ) notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2026  ( "Notified Rules" ) to regulate synthetically generated information ( “SGI” ), including deepfakes and other AI-generated content, and to impose enhanced due diligence obligations on intermediaries and Significant Social Media Intermediaries ( “SSMI” ). The notification o

This edition distils the most relevant recent developments in real estate across the Supreme Court, High Courts, RERA authorities, and key regulators—viewed through the lens of what matters most for developers, investors, lenders, and in-house teams.   From title certainty and registration reforms to RERA enforcement trends, insolvency interplay, and evolving compliance frameworks, we translate legal change into practical insights for decision-makers.   If you track India’s r

Chandhiok & Mahajan, Advocates and Solicitors advised IAN Group on its investment in Chargeup (“ Company ”). The investment by IAN Angel Fund was part of a funding round conducted by the Company worth INR 22 crores. The Company is involved in building a platform for supporting EV 3-wheeler operators in various operational aspects such as providing assistance with battery financing, as well as connecting OEMs, dealers and drivers.   The C&M team members advising on this transa

Chandhiok & Mahajan, Advocates and Solicitors Restructuring & Insolvency Team, led by Pooja Mahajan –Partner and Head of Restructuring & Insolvency Practice, assisted by Nishant Sogani, Partner, Savar Mahajan, Managing Associate, Saurabh Bachhawat, Managing Associate, Srivatsav Reddy Beerapalli, Associate and Poojal Agarwal, Associate, advised Mr. TrupalKumar Patel, the Resolution Professional of Ushdev Engitech Limited in successful completion of its corporate insolvency res

Chandhiok & Mahajan, Advocates and Solicitors  successfully represented Asianet Digital Network Pvt. Ltd. before the Supreme Court of India, which dismissed a special leave petition filed by JioStar against a judgment of the Division Bench of the Kerala High Court. The Kerala High Court had upheld the Competition Commission of India’s jurisdiction to examine allegations of anti-competitive conduct, even in regulated sectors. It clarified that the Supreme Court’s decision in B

Chandhiok & Mahajan ’s competition team acted for JSW Steel Limited ( JSW Steel ), JSW Kalinga Steel Limited and its subsidiary JSW Sambalpur Steel Limited, and Bhushan Power and Steel Limited ( BPSL ). The transaction involves the proposed transfer of the steel business of Bhushan Power and Steel Limited to the JV entity for a cash consideration of INR 24,483 crores, with JFE Steel infusing INR 15,750 crores into the JV entity in two tranches.   The transaction was previousl

Chandhiok & Mahajan, Advocates and Solicitors, recently represented Indus Towers Limited before the Supreme Court of India in a challenge to Delhi Metro Rail Corporation (DMRC) ’s decision to award a contract for providing 5G mobile services along the Delhi Airport Metro Express Line on a nomination basis.   The firm had earlier secured favorable orders for Indus Towers before a Single Judge of the Delhi High Court, which were affirmed by the Division Bench. These findings

C&M recently represented Axis Trustee Services Limited (ATSL), trustee of a prominent Real Estate Investment Trust (REIT), in a complex commercial dispute across three judicial forums, i.e., the Commercial Court at Bengaluru, the Karnataka High Court, and the Supreme Court of India. The firm secured favourable orders at every stage, culminating in a decisive affirmation of the validity of the underlying commercial transaction.   The dispute arose from a Section 9 petition und

he regulatory landscape for technology, media, and telecommunications continues to evolve at pace, with significant developments emerging across multiple jurisdictions this month.     Our November edition of the global TMT news wrap covers key developments across technology, media, data privacy and telecom sectors. The update highlights important regulatory and policy changes from around the world, including landmark enforcement actions, new legislative frameworks, and emergi

Chandhiok & Mahajan successfully represented the Resolution Professional in the Corporate Insolvency Resolution Process of Sterling Healthcare Limited.   Our team Karan Vir Khosla, Rushab Chopra, Siddhesh Rajput and Shloka Dikshit led by Partner Mr. Himanshu Vidhani, appeared before the National Company Law Tribunal, Mumbai in a challenge to the plan-approval application filed by the owner of a parcel of land.   After detailed hearings and submissions, the NCLT held that ques

On 18 November 2025, the Supreme Court of India (“SC”)  in Popular Caterers v. Ameet Mehta & Others 2025 INSC 1354 , (“Popular Caterers”)  delivered a significant ruling on the interpretation of Section 36(3) of the Arbitration and Conciliation Act, 1996 (“A&C Act”)  opining on the Court’s power to grant unconditional stay on the execution of arbitral awards. Section 36(3) of A&C Act provides for discretionary power of the Court to grant stay on the operation of arbitral awar