Two sources told Reuters that late Saturday, Amazon filed an appeal in the country’s National Company Law Appellate Tribunal against the CCI’s suspension decision. Apart from this, two sources have also reported that Amazon has also filed a challenge in the Supreme Court against the decision of the Delhi court. Significantly, last week, the court has stayed the arbitration proceedings between Future and Amazon till February 1. Amazon and CCI did not immediately respond to requests for comment on the matter.
The latest appeal made by Amazon is a new aspect of this legal dispute. It is being seen as a battle for retail supremacy in India’s fast growing consumer market, in which Amazon, Future and Reliance are embroiled.
One of India’s richest people Mukesh Ambani’s Reliance wants to acquire debt-ridden Future. The company wants to expand itself in the retail market through this, but Amazon is hindered in this. Amazon had made a deal to invest in the future. It believes that Reliance’s organized position will ‘restrict competition in the Indian retail market’. Amazon’s argument has been that Future has violated the terms of the 2019 deal by deciding to sell its retail assets to Reliance. This deal was done between Amazon and Future.
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