Amazon has shown contempt for an Indian authority by walking out of CCI hearing: Future group

Amazon has proven outright contempt for an Indian statutory authority by strolling out of the listening to by the Competitors Fee of India final week. The listening to was referred to as by the CCI to find out whether or not the 2019 deal between Amazon and the Future group needs to be revoked.

“The conduct of Amazon smacks of vanity. It has proven scant respect to the Delhi Excessive Courtroom, the Supreme Courtroom and to this fee. It might have moved the Delhi Excessive Courtroom for an extension of time or for a suspension of the order, however it maybe didn’t discover it essential to take action…. When it did not get aid from the Supreme Courtroom, it then sought an adjournment from the CCI, and when that was refused, in a show of outright contempt for an Indian statutory authority, this trillion-dollar American firm walked out of the listening to,” Future group stated by its authorized counsel Aggarwal Legislation Associates in a letter to the CCI.

Earlier this month, Future Retail’s impartial administrators had written to the CCI to cancel the approval for the 2019 deal between Amazon and Future Coupons on the grounds that Amazon had “hid info” on the time of searching for approval for its funding. The deal wherein Amazon had invested ₹1,431 crore in Future Coupons Non-public Restricted, is on the centre of the continuing dispute between Amazon and Future Retail.

On November 19, CCI directed Future Coupons to file written submissions and Amazon was to file its reply by November 23. “Amazon defied CCI’s instructions and didn’t file any reply until the date of listening to on 24-11-2021 and until now,” Future stated in a inventory change submitting on Sunday.