Supreme Court sets aside NCLAT order which rejected Amazon's appeal
The Supreme Court has overturned the NCLAT's order that rejected Amazon's appeal regarding its investment deal with Future Group. The court also nullified a penalty imposed by the Competition Commission of India on Amazon. The ruling mandates that any funds recovered from Amazon due to these orders must be refunded within eight weeks.
- ▪The Supreme Court set aside the NCLAT's June 2022 order rejecting Amazon's appeal.
- ▪The court also annulled a ₹202 crore penalty imposed by the CCI on Amazon.
- ▪The ruling requires any amounts recovered from Amazon to be refunded within eight weeks.
Opening excerpt (first ~120 words) tap to expand
The Supreme Court on Wednesday (May 27, 2026) set aside the National Company Law Appellate Tribunal’s (NCLAT's) June 2022 order, which had rejected U.S. e-commerce giant Amazon's appeal against an anti-trust suspension of its investment deal with Future Group.Also read | Amazon, Flipkart breached antitrust laws: CCIA Bench of Justices Vikram Nath and Sandeep Mehta also set aside the Competition Commission of India's (CCI) December 17, 2021, order, which had levied a ₹202 crore penalty on Amazon and suspended its deal with Future."In view of the findings recorded above, the appeal is allowed. The impugned judgment dated June 13, 2022, passed by the NCLAT and the order dated December 17, 2021, passed by the CCI are set aside," Justice Nath said while pronouncing the verdict.
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