Amazon Seeks to Stop Antitrust Review of 2019 India’s Future Deal, Documents Show

Amazon Seeks to Stop Antitrust Review of 2019 India’s Future Deal, Documents Show

NEW DELHI, Nov 24 (Reuters) – Amazon.com Inc (AMZN.O) has asked the Supreme Court of India to pause an expedited review of allegations that the US firm withheld information while seeking antitrust clearance for a 2019 settlement. With Future Group of India, legal papers seen by Reuters showed.

The Competition Commission of India (ICC) in June accused Amazon of hiding facts and making false presentations when he sought approval for a $ 200 million investment in a Future unit in 2019, a deal that is now at the heart of lengthy legal processes. disputes between the two parties.

Amazon told Reuters at the time it was confident to address the watchdog’s concerns.

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Amazon’s Supreme Court’s approach comes as the ICC held a closed-door hearing on Wednesday in which attorneys for the US firm declined to argue and explain their position on the matter, saying they had asked the higher court to stop the process.

The watchdog noted in an internal document, seen by Reuters, that it had decided not to grant extensions to the company to explain its position and will now issue an order in due course.

Amazon and the CCI did not immediately respond to a request for comment.

CCI’s decision is critical to Amazon’s legal challenges. If the ICC rules against Amazon and revokes the 2019 approval, it could have far-reaching ramifications in the US firm’s ongoing legal battle with Future, people familiar with the case say.

This is because Amazon has so far successfully used the 2019 Future unit agreement to argue the breach of certain contracts when the Indian company announced plans to sell its retail assets to rival Reliance Industries (RELI.NS) for $ 3.4 billion last year.

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Future, who denies wrongdoing, accuses Amazon of illegally interfering in its business decisions and derailing a potential deal without which it says it will face liquidation.

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Report of Aditya Kalra in New Delhi; Edited by Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles.

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