Amazon-Future Group row: Supreme Court to hear matter on September 19



The on Monday issued notices to the parties in a plea by challenging the National Company Law Appellate Tribunal (NCLAT) order suspending Amazon’s investment in the in 2019.


had moved the against the order of NCLAT, which upheld the Competition Commission of India (CCI) order suspending Amazon’s investment in the .


A bench of Justices Dinesh Maheshwari and Bela M Trivedi on Monday issued notice to and the to file their replies in the case. The matter is listed for hearing on September 19.


The apex court also issued notice to the Confederation of All India Traders (CAIT), which opposed Amazon’s deal with the Future group. It also asked parties in the case to file short notes within a week.


The NCLAT, on June 13, upheld the order of on December 17, 2021, not to give a nod to for its 49 per cent stake in Future Coupons Private Limited (FCPL). FCPL is the promoter of Future Retail.


The appellate tribunal had upheld the order of the competition watchdog, imposing a fine of Rs 200 crore on Amazon.


The company was asked to pay the fine for non-disclosure of information on combinations under the Competition Act 2002. had submitted before the that Amazon was required to clarify the ‘economic’ and ‘strategic purpose’ of the proposed investment.


“Amazon had misrepresented the scope and purpose of the proposed combination,” CCI had said before the .


Amazon had argued that it had submitted all the documents regarding the investment before the CCI. Siding with the CCI, the ruled that Amazon had not made a full disclosure about its strategic interest in Future Retail.



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