Supreme Court quashes CCI's ₹202 crore penalty on Amazon in Future Coupons deal
India's Supreme Court set aside the Competition Commission's ₹202 crore fine levied on Amazon over its 2019 ₹1,431 crore stake in Future Coupons, reversing NCLAT's 2022 affirmation. The CCI must refund the penalty with 6% interest within eight weeks, closing a long-running antitrust overhang on Amazon's India play.
Supreme Court set aside CCI's ₹202 crore penalty on Amazon over its 2019 ₹1,431 crore Future Coupons stake deal, ordering refunds with 6% interest within eight weeks, reversing NCLT's 2022 affirmation.
Why this matters
Closes a multi-year regulatory dispute tied to Amazon's failed Future Group play, removing a key antitrust cloud over its India strategy after NCLAT had upheld the CCI fine in 2022.
Retail-company signals steady at 1,255 over the last 90 days.