ArticleBusinessFinanceIndiaLatest News

Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days

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 Amazon, challenging the recent order of CCI that suspended its deal with FCPL. The fair trade regulator suspended the approval given to the more than two year old deal with Future Group's company FCPL. 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. The decision to put a stay on Rs 20...

Read More