Amazon-Future case: CCI filing may hinge on power to revoke order

Amazon during the argument questioned the CCI order, arguing it did not have power to suspend or place its own order in abeyance


Form II is for greater disclosure of a deal if the merged entity breaches a certain threshold

Shrimi Choudhary New Delhi
The Competition Commission of India (CCI) is in the process of filing a written submission before the National Company Law Appellate Tribunal (NCLAT). The antitrust watchdog may communicate to the tribunal about holding the right to revoke its own decision if the information furnished to it is incomplete and/or incorrect, said people in the know.

NCLAT is hearing Amazon’s plea against CCI order on suspending its deal with Future Coupons (FCPL). Arguments from both sides concluded last week, it is learnt.

The tribunal has asked all parties, including Amazon, CCI, and Future, to file written submissions by April 25. The tribunal will then decide the fate of the two-year-old approval for the Amazon-Future deal.

First Published: Apr 21 2022 | 06:08 AM IST

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