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Senior counsel Mukul Rohatgi, on behalf of Future Retail, argued that the CCI approval is hovering like a cloud over its deal with Reliance Retail and, therefore, an expeditious disposal of the case is required.ĬAIT also told the SC that the investment by Amazon into the Future Group violates the FDI norms in multi-retail brand and the apex court should also look into it. This court has reiterated that Commission will hold its proceeding with degree of confidentiality… the proceeding before Commission are not intended for strangers,” Subramanium said. I don’t see how CAIT can be heard in these proceedings. “6,000 pages was served on us on 21st and we were asked to give a response on the 22nd. The counsel said that Amazon had appeared before the CCI, but the latter had to complete the proceeding as per the HC’s November 16 directions. He said that the HC erred in setting a timeline for the CCI after hearing CAIT, which is a “busybody”.
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Senior counsel Gopal Subramanium, appearing for Amazon, told the judges that the CCI should not be allowed to pass an order on the show cause notice since it will impact the arbitration proceedings. The CCI had issued a show cause notice to Amazon in June asking it to explain as to why action should not be taken against it for misrepresentations while seeking approval for its investment in Future Coupon in 2019. The judges during the hearing also asked about the “tearing hurry” for the Commission to complete the proceedings when the SC is already seized of the matter. On Monday, a bench led by Chief Justice NV Ramana, while disposing of Amazon’s appeal against the HC’s order, said it does not want to express any opinion on the merits of the case or the CCI proceedings, but gave an extension of two weeks beyond the two-week deadline set by the HC. The CAIT had moved the HC demanding the annulment of CCI’s approval that was granted to Amazon in 2019 and wanted protection of its 6,000 traders who had supplied goods worth `10,000 crore to the Future Group. It also gave liberty to Amazon to raise objections before the CCI.Įarlier, on November 16, the Delhi High Court had directed CCI to decide in the matter within two weeks instead of January 4, the earlier scheduled date of hearing. The Supreme Court on Monday extended by two weeks the deadline for the Competition Commission of India (CCI) to decide on the Confederation of All India Traders’ (CAIT’s) plea seeking revocation of approval granted to the Amazon-Future Group deal in 2019. You raise all your objections before the Commission,” the apex court said. You use the time and appear and argue before the Commission.
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“We are not going into details, we’ll grant two more weeks time.