IN A CONTROVERSIAL FIRST, CCI SUSPENDS ITS APPROVAL OF AMAZON'S INVESTMENT IN FUTURE COUPONS

Published On: 27/12/2021

Practice Area: Competition Law

Authors:

The Competition Commission of India (CCI) has imposed a penalty of INR 202 crores on Amazon for misrepresentation of material facts and non-notification of interconnected steps in the notice for its investment in Future Coupons. Further, for the first time, the CCI has suspended its approval of Amazon's investment and directed that Amazon files a new notice in a long form. INDUSLAW's Unnati Agrawal, Parth Sehan and Deepanshu Poddar analyse the regulator’s observations and provide their insights on the order.