Supreme Court scraps CCI's ₹202 crore penalty on Amazon in Future Coupons deal
Apex court set aside the Competition Commission's ₹202 crore fine on Amazon over disclosure lapses in its 2019 ₹1,431 crore acquisition of a 49% stake in Future Coupons, and directed a refund with 6% interest within eight weeks.
Supreme Court set aside CCI's ₹202 crore penalty on Amazon over disclosure lapses in its 2019 ₹1,431 crore acquisition of 49% in Future Coupons, ordering refund with 6% interest within eight weeks.
Why this matters
Caps Amazon's long-running CCI dispute over the Future Coupons deal, following multiple recent rulings overturning the regulator's penalty and clearing a major Indian regulatory hurdle for the company.
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