Future Coupons case (FRL): Amazon's plea against CCI order to be heard by NCLAT on Thursday
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13 January 2022, Mumbai:
The National Company Law Appellate Tribunal (NCLAT) will on Thursday hear a petition filed by e-commerce major Amazon challenging a recent order of fair trade regulator CCI that suspended an over two-year-old approval for its deal with Future Coupons.
Amazon's petition is scheduled to be heard by a two-member bench comprising Justice M Venugopal and V P Singh of the Principal bench.In December, the Competition Commission of India (CCI) had suspended its 2019 approval for Amazon's deal to acquire a 49-per cent stake in Future Coupons Pvt Ltd (FCPL),
NSE -1.53 % Ltd's promoter, while slapping a penalty of Rs 202 crore on the e-commerce major.
NCLAT is an appellate authority for the orders passed by CCI.
ET (The news article has not been edited by DFU Publications staff)
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