Amazon's Petition Against Future Rejected

Monday, 13 June 2022newsdesk

The National Company Law Tribunal (NCLT) rejects Amazon's plea challenging the decision of fair trade regulator, Competition Commission of India (CCI) to suspend the approval for the e-commerce major's deal with Future Coupons.

New Delhi, 13 June 2022

As per news report of NDTV, the NCLT - comprising of a two-member bench of Justice M Venugopal and Ashok Kumar Mishra, upheld the the CCI findings and directed Amazon to pay the penalty of Rs. 200 crore imposed by the fair trade regulator within 45 days from Monday. "This appellate tribunal is in complete agreement" with the CCI, the two-member bench said.

Source -NDTV