Amazon tells CCI to annul RIL-Future deal

Amazon has asked the Competition Commission of India (CCI) to revoke its approval for the Rs 24,713cr deal between Reliance Retail and Future Retail Limited (FRL).

Future Retail has countered by alleging the US retail giant attempted to browbeat the CCI by walking out of a hearing.

The fresh development comes even as the Supreme Court will hear on December 8 two separate leave petitions filed by Future Coupons and FRL against an earlier Delhi high court single judge order directing the attachment of the companies’ properties and those of its promoter Kishore Biyani.