Supreme Court offers two extra weeks to CCI to determine Future-Amazon case

The Supreme Court on Monday prolonged by two weeks the deadline for Competition Commission of India (CCI) to determine on the Confederation of All India Traders’ (CAIT) plea looking for revocation of approval granted to the Amazon-Future Group deal in 2019. It additionally gave liberty to Amazon to lift objections earlier than the Commission.
Earlier, on November 16, the Delhi High Court had directed CCI to determine within the matter inside two weeks as a substitute of January 4, the sooner scheduled date of listening to. The CAIT had moved the HC demanding the annulment of CCI’s approval that was granted to Amazon in 2019 and needed safety of its 6,000 merchants who had provided items value Rs 10,000 crore to the Future Group.
On Monday, a Bench led by Chief Justice NV Ramana whereas disposing of Amazon’s enchantment towards the HC’s order stated it doesn’t need to categorical any opinion on the deserves of the case or the CCI proceedings, however gave an extension of two weeks past the two-week deadline set by the HC.
The judges throughout the listening to additionally requested concerning the “tearing hurry” for the Commission to finish the proceedings when it’s already listening to the case. —FE