The company was asked to pay the fine for non-disclosure of information on combinations under the Competition Act 2002
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.
First Published: Jul 29 2022 | 9:20 PM IST