Amazon's Unexpected Move In Supreme Court In Fight Over Future Retail
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Amazon's Unexpected Move In Supreme Court In Fight Over Future Retail

Newsdesk |
November 25, 2021

Amazon.com Inc has asked Supreme Court to pause an expedited review of allegations that the US firm concealed information while seeking antitrust clearance for a 2019 deal with Future Group, legal papers seen by Reuters showed.


New Delhi, 25 November 2021

As per news report of NDTV,The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million investment into a Future unit in 2019, a deal that is now at the heart of protracted legal disputes between the two sides. Amazon told Reuters at the time that it was confident of addressing the watchdog's concerns. The Supreme Court approach by Amazon comes as the CCI on Wednesday held a closed-door hearing where the US firm's lawyers declined to argue and explain their position on the matter, saying they had asked the top court to pause the process.

Source - NDTV

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