Amazon-CCI row: E-commerce giant gets brief respite as SC schedules hearing for December
Supreme Court grants respite to Amazon, final hearing on plea scheduled for December; interim order continues.
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Supreme Court grants respite to Amazon, final hearing on plea scheduled for December; interim order continues.
These regulations could help reduce litigation, help Big Tech firms that took similar recourse in other jurisdictions
The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI.
The suspension has jolted Amazon as it subsequently led to a halt in the arbitration proceedings between the two sides in a long-running commercial dispute.
The Competition Commission of India (CCI) on Friday imposed a total penalty of ₹202 crore on Amazon.com NV Investment Holdings LLC (Amazon) for its failure to notify CCI about its deal with Future.