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Amazon challenges CCI’s suspension of Future Coupons deal at NCLAT, moves Supreme Court against Delhi High Court order

Read why Amazon needs a favourable ruling in either of its legal filings to stay alive in this battle.

Amazon has filed an appeal in the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India (CCI) order that suspended the approval given for Amazon's investment in Future Coupons, Reuters reported. Separately, the company has also filed a challenge in the Supreme Court against the Delhi High Court decision that stayed the arbitration proceedings between Future and Amazon, the report added. These challenges are the latest in the long-drawn, bitter battle that involves Amazon, Future, and Reliance. While Reliance is trying to acquire Future Group, Amazon is trying everything it can to stop this deal from going through. Both Amazon and CCI declined to comment on the development, the report said. Everything You Need To Know About The Amazon Vs Reliance And Future Retail Case and Round-Up Of All The Recent Updates In The Amazon Vs Future Retail Case Why Amazon needs a win here? CCI on December 17, 2021, suspended the approval it gave for Amazon’s investment in Future Coupons in 2019 and imposed a ₹200 crore penalty on the company for concealing information while seeking approval. At the heart of the issue is the allegation that Amazon, while seeking approval, did not disclose that it had a strategic interest in Future Retail through its investment in Future Coupons. This order was a huge blow to Amazon because Amazon has so far used its investment in Future Coupons to block the sale of Future Retail to Reliance. Based on this CCI ruling, Future Group approached the Delhi High Court and asked…

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