Competition Commission of India (CCI) order likely to clear the road for Future sales to Reliance Retail?

23 December 2021, Mumbai:

The legal battle between Future Retail and Amazon is set to get fiercer after the Competition Commission of India suspended its approval to deal between the US e-commerce giant and Future Coupons.

While Amazon is likely to move courts against the CCI order.

Future Retail Ltd (FRL) is likely to approach various courts and tribunals including the Supreme Court, National Company Law Tribunal (NCLT), and the Singapore International Arbitration Centre (SIAC) bringing to their notice the latest CCI order.

The company is likely to ask the courts to terminate all pending cases related to the sale of its retail assets to Reliance Retail, in the wake of the CCF order, two people familiar with the matter said.

ET (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage