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Supreme Court Overturns Penalty on Amazon, Cancels Future Coupons Deal Suspension
The bench set aside antitrust orders that suspended Amazon’s Future deal and imposed a Rs 202 crore penalty, and said any collected funds must be refunded within eight weeks.
- On Wednesday, the Supreme Court set aside the National Company Law Appellate Tribunal June 2022 order, which had rejected Amazon's appeal against an anti-trust suspension of its investment deal with Future Group.
- The Competition Commission of India issued a December 17, 2021, order imposing a ₹202 crore penalty on Amazon and suspending its investment transaction involving Future Coupons Pvt Ltd and Future Retail.
- Justices Vikram Nath and Sandeep Mehta delivered the verdict, with Justice Nath stating, "In view of the findings recorded above, the appeal is allowed."
- The court ordered that any funds deposited or collected from Amazon following the earlier orders must be reimbursed within eight weeks, providing immediate financial relief.
- This decision concludes the legal battle over Amazon's indirect rights in the Indian retail sector, overturning the regulatory suspension that had hindered its investment deal with Future Group since 2021.
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11 Articles
Supreme Court allows Amazon's appeal, sets aside order imposing Rs 202 crore penalty
The NCLAT had rejected Amazon's appeal against an anti-trust suspension of its investment deal with Future Group, saying the retailer had not made full disclosures at the time of seeking approval.
·India
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Times of IndiaReposted by 
The Economic Times
The Economic TimesSC allows Amazon's appeal, sets aside order imposing Rs 202 crore penalty
The Supreme Court has relieved Amazon by setting aside a Rs 202 crore penalty. The apex court also suspended the e-commerce giant's deal with Future Coupons Pvt Ltd. This decision overturns a previous order by the National Company Law Appellate Tribunal. The Competition Commission of India's order imposing the penalty is also nullified.
·India
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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