{"id":14247,"date":"2022-04-26T21:51:36","date_gmt":"2022-04-26T16:21:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-nclat-amazon\/"},"modified":"2022-04-26T21:53:36","modified_gmt":"2022-04-26T16:23:36","slug":"biz-nclat-amazon","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-nclat-amazon\/","title":{"rendered":"NCLAT reserves order on Amazon&#8217;s plea against CCI ruling"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3603687023\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>      New Delhi, Apr 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon&#8217;s plea challenging the decision of regulator CCI to suspend approval for the e-commerce major&#8217;s deal with Future Coupons.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2383716639\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> \tIn December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon&#8217;s deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd (FCPL).<\/p>\n<p>       The regulator had said that Amazon suppressed information while seeking clearances for the transaction back then and also slapped a fine of Rs 202 crore on the company.<\/p>\n<p> FCPL is a promoter of Future Retail Ltd (FRL).<\/p><div class=\"trade-content_5\" id=\"trade-1504032228\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Amazon had opposed FRL&#8217;s deal to sell assets to Reliance Retail as part of a Rs 24,713 crore deal, which has now been called off.<\/p>\n<p> The deal was opposed by the e-commerce major on the basis of its 2019 transaction whereby it had acquired the 49 per cent stake in FCPL.<\/p>\n<p> NCLAT has concluded its hearing on the Amazon&#8217;s plea after observing that all parties have complied with its earlier directions issued in the last hearing on April 11 to file revised notes of submissions along with relevant citations before the registry.\u00a0 \t&#8220;Hearing is concluded in all these three appeals &#8216;judgment&#8217; is reserved,&#8221; a two-member bench of NCLAT, comprising Justice M Venugopal and Ashok Kumar Mishra, said on Monday.<\/p>\n<p> Apart from Amazon&#8217;s plea, the appellate tribunal has reserved the order on two other petitions in the matter filed by Confederation of All India Traders (CAIT) and All India Consumer Products Distributors Federation (AICPDF). PTI KRH  RAM<\/p>\n<div class=\"trade-after-content\" id=\"trade-2273986787\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Apr 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon&#8217;s plea challenging the decision of regulator CCI to suspend approval for the e-commerce major&#8217;s deal with Future Coupons. In December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon&#8217;s [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":10702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[2223,2222],"class_list":["post-14247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","tag-amazon-vs-future-group","tag-amazon-vs-reliance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NCLAT reserves order on Amazon&#039;s plea against CCI ruling - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-nclat-amazon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCLAT reserves order on Amazon&#039;s plea against CCI ruling\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Apr 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon&#8217;s plea challenging the decision of regulator CCI to suspend approval for the e-commerce major&#8217;s deal with Future Coupons. In December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon&#8217;s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-nclat-amazon\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-26T16:21:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-26T16:23:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/Amazon-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-nclat-amazon\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-nclat-amazon\/\",\"name\":\"NCLAT reserves order on Amazon's plea against CCI ruling - 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