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

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.

The appellate tribunal had upheld the order of the competition watchdog, imposing a fine