Volume 1 · Issue 1 (2026)
Diamond Open Access · CC BY-NC 4.0The inaugural edition of JCFL establishes a premier national platform for corporate legal scholarship, presenting six double-blind peer-reviewed contributions spanning algorithmic director fiduciary duties, cross-border insolvency recognition under UNCITRAL, digital asset fractionalization under SEBI, the Draft Digital Competition Bill, BRSR greenwashing remedies, and target board neutrality in creeping takeovers.
Table of Contents
Articles in This Issue
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Article · Corporate Governance & AI pp. 1–38
Algorithmic Boardrooms and the Business Judgment Rule: Reimagining Director Fiduciary Duties in the Era of Autonomous Corporate Systems
Examines whether the classical business judgment rule under Section 166 of the Companies Act, 2013 can meaningfully insulate directors who rely upon black-box computational analytics for capital allocation decisions and strategic merger valuations, proposing an augmented doctrine of 'algorithmic procedural due diligence'.
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Article · Insolvency & Restructuring pp. 39–72
Harmonizing Cross-Border Insolvency: Institutional Readiness and Creditor Priority Under the Proposed UNCITRAL Adaptation
Critically assesses the draft framework adapting the UNCITRAL Model Law on Cross-Border Insolvency for Indian jurisprudence. Analyzes Centre of Main Interests (COMI) determination under Section 234 of the IBC, 2016, public policy carve-outs, and creditor hierarchy before the NCLT.
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Essay · Securities Regulation & FinTech pp. 73–98
Fractional Capital and Tokenized Securities: Regulatory Perimeter of SEBI and the Digital Asset Conundrum
Interrogates SEBI's Collective Investment Scheme (CIS) regulations, Small and Medium REIT (SM-REIT) amendments, and custody mandates as applied to fractional tokenization models. Proposes an activity-based regulatory framework.
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Article · Competition & Digital Markets pp. 99–134
From Ex-Post Penalties to Ex-Ante Prescriptions: Evaluating the Draft Digital Competition Bill and Systemically Significant Digital Enterprises (SSDEs)
Evaluates proposed ex-ante obligations for SSDEs under India's Draft Digital Competition Bill with reference to the EU Digital Markets Act. Explores self-preferencing prohibitions and CCI institutional readiness.
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Note · ESG & Capital Markets pp. 135–158
Greenwashing in the Capital Markets: BRSR Core Verification, ESG Rating Provider Accountability, and the Limits of Voluntary Corporate Disclosures
Analyses SEBI's BRSR Core framework and statutory oversight of ESG Rating Providers. Dissects legal remedies against greenwashing under Section 12A of the SEBI Act and PFUTP fraud regulations.
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Case Comment · Mergers & Acquisitions pp. 159–182
Creeping Control, Interlocking Shareholdings, and the Fiduciary Duties of Target Boards Under the SEBI Takeover Code
Examines contested control battles before the SAT and Supreme Court, analysing target board neutrality under Regulation 26 of the SEBI Takeover Regulations, 2011.