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A new twist to Future-Reliance deal as Amazon asks Supreme Court to stay its case with CCI
- IBJ Bureau
- Nov 25, 2021

Amazon.com has asked the Supreme Court to pause an expedited review of allegations that the US company had concealed information while seeking antitrust clearance for a 2019 deal with the Future Group, legal papers seen by the Reuters show.
The Competition Commission of India (CCI) in June had accused Amazon of concealing facts and making false submissions when it had sought approval for the $200-million investment into a Future unit in 2019. This deal is now at the heart of protracted legal disputes between the two sides.
Amazon had told the Reuters at the time that it was confident of addressing the watchdog’s concerns.
The Supreme Court approach by Amazon comes as the CCI on Wednesday had held a closed-door hearing where the US company’s lawyers had declined to argue and explain their position on the matter, saying that they had asked the top court to pause the process.
The watchdog had noted in an internal document – seen by the Reuters – that it had decided to give no extensions to the company to explain its position and would now issue an order in due course. Amazon and the CCI did not immediately respond to a request for comment.
The CCI’s decision is critical to Amazon’s legal challenges. If the CCI rules against Amazon and revokes the 2019 approval, it could have wide-ranging ramifications on the US company’s ongoing legal battle with Future, people familiar with the case say.
That’s because Amazon has so far successfully used the 2019 Future unit deal to argue breach of certain contracts when the Indian company had announced plans to sell its retail assets to rival Reliance Industries for $3.4 billion last year.
Future, which denies any 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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