Post CCI order suspending deal with Future Group (FRL): Amazon India may resort to legal course

18 December 2021, Mumbai:

Anti-trust regulator has ruled the US company had suppressed information while seeking approval on an investment into an Indian retailer two years ago.

Amazon may take legal action against the Competition Commission of India’s (CCI) suspension of the US e-commerce giant’s 2019 deal with Future Retail (FRL). Its legal teams plan to file an appeal before the National Company Law Appellate Tribunal (NCLAT) and the Delhi High Court and may approach the Supreme Court, said people familiar with Amazon's strategy.

The CCI on Friday suspended Amazon’s 2019 deal with Future Retail (FRL), citing the company’s alleged deliberate design to suppress information about the scope and purpose of the deal.

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

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