Is it possible to pursue regular LLB along with correspondence M.Com from Mumbai University?

As per the UGC guidelines you can choose any one of the course, but if you want to do both then you have choice of doing it from two different universities.

For getting admissions in LLB you need to give the entrance exam of law which is CLAT. I'll share with you the important dates for this and colleges where you can apply as well for this course.