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Delhi HC directs CCI to submit ruling on Future Coupons issue in 2 weeks

As the Amazon-Future Group feud continues in various forums, including the Competition Commission of India (CCI), the Delhi High Court has directed the anti-trust body to decide and rule on the petitions filed to revoke Amazon's investment in Future Coupons.

The decision comes after CAIT filed a Public Interest Litigation (PIL) against Amazon over an investment deal struck between Amazon and Future Coupons Private Limited (FCPL), which was approved by the CII. The directive was issued by the High Court in response to a petition filed by the Confederation of All India Traders (CAIT), which had also recently written to CCI seeking the cancellation of its approval.

According to the traders' body, the PIL filed against the Jeff Bezos-led company was intended to protect the likes of 6000 traders who had business ties with Future Retail Limited (FRL), facilitating a flow of Rs.10,000 crore in assets.

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