- Advertisement -

Amazon seeks to pause antitrust review of 2019 deal with India’s Future, documents show

5

NEW DELHI, Nov 24 (Reuters) – Amazon.com Inc (AMZN.O) has requested India’s Supreme Court to pause an expedited review of allegations that the U.S. agency hid data whereas in search of antitrust clearance for a 2019 deal with India’s Future Group, authorized papers seen by Reuters confirmed.

The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200 million funding right into a Future unit in 2019, a deal that’s now on the coronary heart of protracted authorized disputes between the two sides.

Amazon informed Reuters on the time that it was assured of addressing the watchdog’s considerations.

Register now for FREE limitless entry to reuters.com

The Supreme Court method by Amazon comes because the CCI on Wednesday held a closed-door listening to the place the U.S. agency’s attorneys declined to argue and clarify their place on the matter, saying they’d requested the highest court docket to pause the method.

The watchdog famous in an inner doc – seen by Reuters – that it had determined to give no extensions to the corporate to clarify its place and can now situation an order in the end.

Amazon and the CCI didn’t instantly reply to a request for remark.

The CCI choice is important to Amazon’s authorized challenges. If the CCI guidelines in opposition to Amazon and revokes the 2019 approval, it may have wide-ranging ramifications on the U.S. agency’s ongoing authorized battle with Future, individuals acquainted with the case say.

That’s as a result of Amazon has up to now efficiently used the 2019 Future unit deal to argue breach of sure contracts when the Indian firm introduced plans to promote its retail belongings to rival Reliance Industries (RELI.NS) for $3.4 billion final yr.

Future, which denies any wrongdoing, accuses Amazon of illegally interfering in its enterprise selections and derailing a possible deal with out which it says it can face liquidation.

Register now for FREE limitless entry to reuters.com
Reporting by Aditya Kalra in New Delhi; Editing by Emelia Sithole-Matarise

- Advertisement -

The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa

People shop for clothes inside the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika Kulkarni

- Advertisement -