{"id":138879,"date":"2022-01-13T16:28:47","date_gmt":"2022-01-13T10:58:47","guid":{"rendered":"https:\/\/www.caravanalive.com\/?p=138879"},"modified":"2022-04-06T16:40:09","modified_gmt":"2022-04-06T11:10:09","slug":"amazon-future-coupons-deal-nclat-issues-notice-future-group-cci-demands-response-in-10-days","status":"publish","type":"post","link":"https:\/\/www.caravanalive.com\/?p=138879","title":{"rendered":"Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days"},"content":{"rendered":"<div class=\"2a6a8c3593e6620bd92d71f585bdd19b\" data-index=\"4\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6453632170035383\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- NEW RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6453632170035383\"\r\n     data-ad-slot=\"2960496911\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<p>An important hearing took place on Thursday in the Amazon-Future case. The National Company Law Appellate Tribunal (NCLAT) issued notices to the Competition Commission of India (CCI) and Future Coupons Private Limited (FCPL) to file their reply within 10 days.<\/p>\n\n\n\n<p>The notice was issued in light of a hearing a plea filed by e-commerce giant Amazon, challenging the recent order of CCI that suspended its deal with FCPL. <\/p>\n\n\n\n<p>The fair trade regulator suspended the approval given to the more than two year old deal with Future Group&#8217;s company FCPL.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/cover-r4x3w1000-618260d14e580-donnees-amazon-ecope-d-une-amende-de-746-millions-d-euros.jpg\" alt=\"\" class=\"wp-image-138900\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/cover-r4x3w1000-618260d14e580-donnees-amazon-ecope-d-une-amende-de-746-millions-d-euros.jpg 1000w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/cover-r4x3w1000-618260d14e580-donnees-amazon-ecope-d-une-amende-de-746-millions-d-euros-300x225.jpg 300w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/cover-r4x3w1000-618260d14e580-donnees-amazon-ecope-d-une-amende-de-746-millions-d-euros-768x576.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<p>The bench comprising Justices V P Singh and M Venugopal asked CCI and FCPL to respond within the next ten days and asked Amazon to file a rejoinder over it. The bench will now hear the matter on February 2.<\/p>\n\n\n\n<p>The decision to put a stay on Rs 202 crore penalty that was imposed on the parties will be taken after the pleading is complete, the bench said.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Suspended Approval Given To Amazon Deal In 2019<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/1672.png\" alt=\"\" class=\"wp-image-138892\" width=\"838\" height=\"471\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/1672.png 511w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/1672-300x168.png 300w\" sizes=\"auto, (max-width: 838px) 100vw, 838px\" \/><\/figure><\/div>\n\n\n\n<p>In December last year, the approval given in 2019 to Amazon&#8217;s deal to buy a 49 percent stake in the promoter of FCPL was suspended by CCI. Apart from this, a fine of Rs 202 crore was also imposed on the e-commerce company Amazon. While suspending this deal, the fair trade regulator alleged the US e-commerce company Amazon of withholding information while applying for approval.<\/p>\n\n\n\n<p>CCI said in a 57-page order to keep the Amazon-Future Coupons deal in abeyance. <\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>An important hearing took place on Thursday in the Amazon-Future case. The National Company Law Appellate Tribunal (NCLAT) issued notices to the Competition Commission of India (CCI) and Future Coupons Private Limited (FCPL) to file their reply within 10 days. The notice was issued in light of a hearing a plea filed by e-commerce giant [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":138890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[{"category_id":36,"category_link":"https:\/\/www.caravanalive.com\/?cat=36","category_name":"Article"},{"category_id":2,"category_link":"https:\/\/www.caravanalive.com\/?cat=2","category_name":"Business"},{"category_id":207,"category_link":"https:\/\/www.caravanalive.com\/?cat=207","category_name":"Finance"},{"category_id":156,"category_link":"https:\/\/www.caravanalive.com\/?cat=156","category_name":"India"},{"category_id":511,"category_link":"https:\/\/www.caravanalive.com\/?cat=511","category_name":"Latest News"}],"tags":[{"tag_id":1738,"tag_link":"https:\/\/www.caravanalive.com\/?tag=amazon","tag_name":"amazon"},{"tag_id":2489,"tag_link":"https:\/\/www.caravanalive.com\/?tag=competition-commission-of-inida","tag_name":"competition commission of Inida"},{"tag_id":2473,"tag_link":"https:\/\/www.caravanalive.com\/?tag=e-commerce","tag_name":"e-commerce"}],"class_list":["post-138879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-business","category-finance","category-india","category-latest-news","tag-amazon","tag-competition-commission-of-inida","tag-e-commerce"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days - Alive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caravanalive.com\/?p=138879\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days - Alive\" \/>\n<meta property=\"og:description\" content=\"An important hearing took place on Thursday in the Amazon-Future case. The National Company Law Appellate Tribunal (NCLAT) issued notices to the Competition Commission of India (CCI) and Future Coupons Private Limited (FCPL) to file their reply within 10 days. The notice was issued in light of a hearing a plea filed by e-commerce giant [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.caravanalive.com\/?p=138879\" \/>\n<meta property=\"og:site_name\" content=\"Alive\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-13T10:58:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-06T11:10:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/01\/1670.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gunjan Chaudhary\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gunjan Chaudhary\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.caravanalive.com\/?p=138879#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.caravanalive.com\/?p=138879\"},\"author\":{\"name\":\"Gunjan Chaudhary\",\"@id\":\"https:\/\/caravanalive.com\/#\/schema\/person\/387dd02c14711746a38d502829ef6a39\"},\"headline\":\"Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; 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