Delhi High Court orders CCI to rule on Amazon-Future row

New Delhi, November 16

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The Delhi High Court on Tuesday directed the Competition Commission of India (CCI) to expeditiously decide on its show-cause notice to Amazon on the issue of revocation of approval given to the US company for investment transaction with FCPL which has been challenged by Future Group.

A Bench of Chief Justice DN Patel and Justice Jyoti Singh said the decision be taken in accordance with rules, law and government policy applicable to the facts of the case and adequate opportunity be given to the parties to be heard.

The court was hearing a petition by the traders’ body seeking to protect around 6,000 traders who had supplied goods to the Future Group amounting to Rs 10,000 crore and to recover the money from the group. — PTI