A recent NCLAT ruling in the Amazon-Future group case tests the
limits of confidentiality under arbitration law
The National Company Law Appellate Tribunal (NCLAT), in a recent
judgment, upheld the ₹200-crore penalty imposed on e-commerce
giant Amazon by the Competition Commission of India (CCI) and
directed the company to pay it within 45 days.
The CCI order, dated December 17, 2021, penalised Amazon for
“misleading” the anti-trust regulator through
“false statements” and “material omissions”
on its dealings with the Future group. The CCI's decision
came two years after some irregularities were flagged in
Amazon's proposed acquisition of a 49 per cent shareholding
in Future Coupons Pvt Ltd (FCPL), which had been earlier approved
by CCI.
