Amazon moves SC against NCLAT upholding CCI order in Future group investment case

E-commerce major Amazon has moved Supreme Court against an order of the NCLAT, which upheld fair trade regulator CCI’s decision to suspend its approval for investment in a Future Group company.

The National Company Law Appellate Tribunal (NCLAT) on June 13 rejected Amazon’s plea challenging the decision of the Competition Commission of India (CCI) to suspend the approval for the e-commerce major’s deal with Future Coupons and directed the company to pay over Rs 200 crore penalty imposed on it, within next 45 days.