On December 17, the Competition Commission of India (CCI) suspended Amazon’s deal with Future Group, to which late on Saturday night, Amazon filed an appeal against the former’s suspension decision at India’s National Company Law Appellate Tribunal, reportedly. Amazon alleges that Future violated their contract—a $200 million investment in 2019—by selling its retail assets to Reliance Industries last year. Future denies the allegations. Last month, independent directors of Future had also alleged that Amazon had misled CCI to get clearance for the deal.
Amazon Vs Future: Amazon files fresh appeal against CCI’s suspension decisions
