Supreme Court grants Amazon two weeks for CCI hearing

The Supreme Court on Monday granted two weeks more time to e-commerce giant Amazon to appear and argue before the Competition Commission of India (CCI) on the matter of revoking Amazon’s deal with Future Coupons that would have a massive bearing on Reliance Retail’s takeover of Kishore Biyani’s Future Retail.

The Supreme Court declined Amazon’s plea for an adjournment of hearing by the CCI as directed by the Delhi high court on November 16 on a petition filed by traders body CAIT. Amazon had filed a special leave petition in the apex court against the high court ruling that wanted Amazon to to appear before the CCI on November 29.