Supreme Court overturns CCI's ₹202 crore penalty on Amazon over Future Group deal
The Supreme Court has set aside NCLAT's 2022 order and CCI's 2021 ruling that had suspended Amazon's investment in Future Coupons and imposed a ₹202 crore fine. Amazon is to be refunded within eight weeks, closing a multi-year regulatory standoff over the collapsed Future Group transaction.
Supreme Court set aside NCLAT's 2022 order and CCI's 2021 order that suspended Amazon's investment deal with Future Group and levied a ₹202 crore penalty, directing refund within eight weeks.
Why this matters
Ends a multi-year regulatory overhang on Amazon in India tied to its 2019 Future Coupons investment, after CCI's 2021 suspension and NCLAT's 2022 affirmation kept the penalty in force.
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