The Delhi High Court dismissed two pleas by Future Group seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against Future Group's deal with Reliance.
Apart from the specific case of Amazon, another chink in India’s foreign investment armour is the foreign direct investment policy which selectively imposes restrictions on foreign-funded e-commerce companies whilst ostensibly allowing Indian e-commerce companies to commit unfair practices such as self-preferencing and deep discounting.
Although the suspension order from the Competition Commission of India has left Amazon bruised in the battle with Future Group, the e-commerce behemoth does have an option left.
In an unprecedented move, the Competition Commission of India (CCI) Friday suspended the approval given for Amazon’s 2019 investment in Future Coupons Private Limited (FCPL), claiming that the US e-co.