SC allows Amazon’s appeal, sets aside order imposing Rs 202 crore penalty
In a relief to Amazon, the Supreme Court on Wednesday set aside an order that had imposed a Rs 202 crore penalty on the US e-commerce giant and suspended its deal with Future Coupons Pvt Ltd.
The apex court allowed the appeal filed by Amazon.com NV Investment Holdings LLC, a direct subsidiary of Amazon.com Inc, challenging a June 13, 2022 order of the National Company Law Appellate Tribunal (NCLAT).
The NCLAT had rejected Amazon’s appeal against an anti-trust suspension of its investment deal with Future Group, saying the retailer had not made full disclosures at the time of seeking approval.
