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ARTICLE · 18 JUNE 2026

Phoenix Legal - Competition Monthly - June 2026

Phoenix Legal
Phoenix Legal
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Phoenix Legal

Phoenix Legal

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Phoenix Legal's Competition Monthly for June 2026 examines landmark rulings reshaping India's merger control and antitrust enforcement landscape. From the Supreme Court's jurisdictional constraints on the Competition Commission of India to critical determinations on aftermarket definitions and gun-jumping penalties, these decisions establish new precedents for corporate transactions and competitive conduct. How will these interpretations influence future regulatory strategy and compliance frameworks?

IndiaAntitrust/Competition Law
Kunal Mehra
Kunal Mehra
Danish Khan
Danish Khan
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SUPREME COURT SETS ASIDE CCI'S ORDER AGAINST AMAZON IN FUTURE COUPONS TRANSACTION

The Supreme Court of India, by its judgment dated 27 May 2026, allowed the appeal filed by Amazon.com NV Investment Holdings LLC (Amazon) and set aside the orders of the National Company Law Appellate Tribunal (NCLAT) dated 13 June 2022 and the order of the Competition Commission of India (CCI) dated 17 December 2021.

The case concerned Amazon’s investment in Future Coupons Private Limited (FCPL), through which it acquired 49% shareholding. The transaction, along with interconnected steps including FCPL’s shareholding in Future Retail Limited (FRL) and related agreements (FRL SHA and Business Commercial Agreements), was notified to the CCI in Form I and approved on 28 November 2019.

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