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Future and Amazon have been engaged in a legal tussle after the latter dragged the former into arbitration at the Singapore International Arbitration Centre (SIAC) on October 2020.
The SIAC has rejected its plea to quash arbitration proceedings over the now-defunct Future-Reliance Industries Ltd (RIL) deal.
NCLAT upholds CCI order against Amazon-FCPL deal
![[BREAKING] NCLAT upholds ₹200 crore penalty imposed by CCI on Amazon for discrepancies in Future deal - Vimarsana News](https://gumlet.assettype.com/barandbench%2F2022-06%2Fbcf343bd-a739-411e-9c4c-8df2027f1180%2F06.jpg?w=1200&auto=format%2Ccompress&ogImage=true)
NCLAT has upheld an order of the CCI which imposed a ₹202 crore penalty on Amazon for failing to reveal crucial details of its acquisition of a 49 per cent stake in Future Coupons.
The National Company Law Appellate Tribunal on Monday upheld the December 2021 order of the Competition Commission of India (CCI) that suspended its earlier order approving Amazon's deal with Future Coupons, a Future Group entity, and imposed a ...