Retail 13-01-2022 Hits: 1448

Future Coupons case (FRL): Amazon's plea against CCI order to be heard by NCLAT on Thursday

Retail 13-01-2022 Hits: 1448

NCLAT

Retail 13-01-2022 Hits: 1448

13 January 2022, Mumbai:

The National Company Law Appellate Tribunal (NCLAT) will on Thursday hear a petition filed by e-commerce major Amazon challenging a recent order of fair trade regulator CCI that suspended an over two-year-old approval for its deal with Future Coupons.

amazon: Amazon challenges CCI order at NCLAT, moves SC to quash HC order - Times of India

Amazon's petition is scheduled to be heard by a two-member bench comprising Justice M Venugopal and V P Singh of the Principal bench.In December, the Competition Commission of India (CCI) had suspended its 2019 approval for Amazon's deal to acquire a 49-per cent stake in Future Coupons Pvt Ltd (FCPL),

NSE -1.53 % Ltd's promoter, while slapping a penalty of Rs 202 crore on the e-commerce major.

NCLAT is an appellate authority for the orders passed by CCI.

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

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