SC quashes CCI order against Amazon in Future case

The Supreme Court on Wednesday set aside the Competition Commission of India’s (CCI) order suspending Amazon’s investment deal with Future Group and imposing a Rs 202-crore penalty on the US e-commerce company, in a ruling that could influence how the competition regulator examines disclosures in complex investment structures.

A bench of Justices Vikram Nath and Sandeep Mehta also quashed the National Company Law Appellate Tribunal’s (NCLAT) June 2022 order that had upheld the CCI’s action against Amazon.