News Desk, AnyTV, New Delhi
Published by: Surendra Joshi
Updated Mon, 13 Jun 2022 11:33 AM IST
hear the news
The National Company Law Appellate Tribunal (NCLAT) has upheld a fine of Rs 202 crore on US-based multinational company Amazon in the Future-Amazon case. The Competition Commission of India (CCI) has imposed this fine on Amazon.
Amazon challenged this fine in the NCLAT. The Bench of the Tribunal in its judgment today agreed with the CCI’s order of suspension of the deal in Amazon Future Coupons and upheld the same. The Tribunal held that Amazon had not disclosed the full details of the agreement to the Commission.
Expansion
The National Company Law Appellate Tribunal (NCLAT) has upheld a fine of Rs 202 crore on US-based multinational company Amazon in the Future-Amazon case. The Competition Commission of India (CCI) has imposed this fine on Amazon.
Amazon challenged this fine in the NCLAT. The Bench of the Tribunal in its judgment today agreed with the CCI’s order of suspension of the deal in Amazon Future Coupons and upheld the same. The Tribunal held that Amazon had not disclosed the full details of the agreement to the Commission.