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Supreme Court to hear Amazon’s appeal against expedited CCI proceedings on Nov 29

Amazon had moved the Supreme Court in appeal after the Delhi High Court passed an order directing the Competition Commission of India to review the approval granted to the 2019 deal between Amazon and Future Coupons

November 25, 2021 / 11:50 IST
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The Supreme Court today agreed to hear on November 29 Amazon’s plea challenging the Delhi High Court’s order, which directed the Competition Commission to expedite proceedings to reconsider approval granted for Amazon-Future group investment deal of 2019.

Counsel for Amazon mentioned the case before the top court today citing urgency. The Competition Commission is constrained by the order of the high court and concluded its hearing on the case on November 24, a senior advocate representing Amazon told the Supreme Court today.

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The outcome of the competition commission’s proceedings is likely to affect the Rs 1,413 crore deal between Amazon and Future group and may have repercussions on the ongoing arbitration proceedings before the Singapore International Arbitration Centre.

Also read: Amazon-Future group case: SC defers hearing due to bulky documents