Summaries by Vivek Agarwal, Divyansh Prasad

The Supreme Court's Amazon-Future verdict provided crucial guidance on the CCI’s merger-control powers, clarifying the one-year sunset period and limitations on revoking approvals. This ruling exposed the CCI's vulnerability to deception and its insufficient deterrence against misrepresentation due to modest penalties. Authors advocate for tightening India's merger control regime. They recommend increasing Section 44 penalties, linking them to transaction scale, and granting the CCI limited revocation authority for fraud-related approvals. European experience supports such reforms, which could preserve predictability and reinforce disclosure obligations, ensuring market confidence despite initial challenges.