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The Times of India
The Times of India
Business
John Sarkar | TNN

Amazon likely to challenge NCLAT order in Supreme Court

Amazon NCLAT Future Group FCPL CCI United States FRL New Delhi

NEW DELHI: Amazon is likely to move the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order which rejected its plea challenging the Competition Commission of India’s (CCI) suspension of approval of the US e-tailer’s investment in Future Coupons (FCPL).

In a major blow to Amazon, the NCLAT on Monday instructed Amazon to pay around Rs 200 crore—the penalty originally imposed by the CCI on the e-tailer for withholding facts, while it sought nod for the deal from the antitrust regulator—within 45 days.

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