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NCLAT accepts Amazon’s plea against CCI’s order on Future Coupons

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National Company Law Appellate Tribunal (NCLAT) admitted on Thursday heroinepetition challenging Competition Commission of Indias() order that suspended its earlier approval of the US giant’s investment future coupons.

NCLAT has also issued notice to CCI Future Group and refused to grant any interim relief. The next hearing will be on February 2.

The long-running legal battle between Amazon and Future Group took a turn when the CCI suspended its prior acceptance of Amazon’s investment in Future Coupons on the grounds that the ecommerce firm had not made full disclosure.

The controversy arose when Amazon approached the Singapore International Arbitration Center (SIAC), alleging breach of contract by the flagship Future Retail Limited (FRL) when it sold its retail assets to rival Reliance Retail.

Since then both the companies have filed several cases in various courts including Delhi High Court, Supreme Court and SIAC.

Future Group on Tuesday urged the Supreme Court to allow Reliance Retail to go ahead with the deal to sell its retail assets till its final orders. The top court has reserved its order.

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