27
May
In a major legal victory for US e-commerce giant Amazon, the Supreme Court of India on Wednesday set aside the ₹202 crore penalty imposed on the company by the Competition Commission of India (CCI). The top court also overturned the June 2022 order of the National Company Law Appellate Tribunal (NCLAT), which had previously rejected Amazon’s appeal against the suspension of its 2019 investment deal with the Future Group. A bench comprising Justices Vikram Nath and Sandeep Mehta delivered the landmark verdict, effectively striking down both the NCLAT judgment and the CCI’s December 2021 order. The antitrust regulator had initially…
