CCI won't be intimidated by the arrogance of Amazon, says Future Retail

Company says US e-com major showed disregard to Indian law by walking out of CCI proceedings

Sharleen D'SouzaPeerzada Abrar Mumbai/Bengaluru

CAIT had filed a public interest litigation in Delhi High Court against CCI, asking it not to delay its ruling in the Amazon-Future Coupons deal.

Future Retail said on Sunday that it firmly believes that the Competition Commission of India (CCI) will not be intimidated by the arrogance of Amazon. Future hopes that instead, CCI will take action on its show cause notice against the US-based e-commerce company, in accordance with the law. 
This statement comes after Amazon walked out of CCI proceedings on Nove­mber 24. “The counsels to Amazon, in utter disregard to the norms and utter disrespect to the Indian statutory regulatory authority, refused to argue the matter. They walked out of the proceedings in an attempt to browbeat the CCI,” the Indian retailer said in a stock exchange filing. 
In a letter addressed to Future Coupons, CCI said it heard the counsels appearing on behalf of Future Coupon and Confederation of Indian Traders (CAIT) at length. It also called Amazon’s counsel to make its submissions on merits and learned about its inability to argue the ma

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First Published: Nov 29 2021 | 1:37 AM IST

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