Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019


The company was asked to pay the fine for non-disclosure of information on combinations under the Competition Act 2002

Bhavini Mishra New Delhi
Amazon has moved the Supreme Court against the order of the National Company Law Appellate Tribunal (NCLAT), which upheld the Competition Commission of India (CCI) order suspending Amazon’s investment in the Future group in 2019.

The court is likely to list the matter for next week.

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

Also Read

IT rules draft to be back with revisions: Impact on social media explained

Taking on Google, FB, Apple: CCI seeks more teeth to tackle Big Tech

TMSEp187: Draft IT rules, ed-tech challenges, markets, fat-finger

NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr

Income tax rules: Here are the changes in rules from July 1, 2022

'Absolute rubbish,' says Ola CEO on report of merger talks with Uber

Torrent group rolls out succession plan; Aman Mehta joins pharma unit board

BGMI delisting from Google, Apple app stores adds to gaming sector's woes

Chess Olympiad: Tech Mahindra's app lets game buffs track the board moves

After poor Microsoft Xbox show, Sony expects weaker PlayStation sales ahead

First Published: Jul 29 2022 | 9:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to