The Supreme Court has stayed the ₹200-crore penalty imposed by the CCI on American e-commerce giant Amazon in the Future Coupons case. A division bench of the Supreme Court comprising Justice Dinesh Maheshwari and Justice Sanjay Kumar directed that no coercive steps be taken in relation to the CCI notice dated April 25 against Amazon.com NV Investment Holdings LLC until the next date of hearing in this case, which is on July 17.
The NCLAT had, on June 13 last year, upheld the CCI order from December 2021, and had directed the e-commerce giant to deposit ₹200 crore penalty within 45 days.
Amazon had mentioned the matter before the apex court on Monday since the CCI had issued a recovery notice on April 25.
In 2021, the competition regulator suspended the 2019 approval of the Future Group-Amazon deal. The CCI had stated that Amazon had failed to identify and notify strategic interest in Future Retail Ltd. back in 2019. The commission had further noted that Amazon’s interest in Future Retail Ltd., which owns the Big Bazaar chain of stores, was not adequately disclosed.
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