Supreme Court Quashes ₹202 Cr Penalty On Amazon India in Future Coupons Case

by · Inc42

SUMMARY

  • The Supreme Court has set aside the CCI’s ₹202 Cr penalty on Amazon imposed in 2021, granting the e-commerce giant relief in a legal saga originating back in 2019
  • In 2022, the CCI had suspended its approval of Amazon’s $200 Mn investment in Future Coupons, arguing that Amazon had misrepresented its position to the watchdog
  • The SC order comes after FCPL recently reached a settlement with Amazon, agreeing to pay ₹11 Cr in damages