CAIT said the antitrust body should not delay decision on the matter
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Independent directors say Amazon.com deliberately misled India's competition regulator about the true nature of its 2019 investment in Future Coupons.
The retailer's revenue was up by 66.3 per cent in the quarter at Rs. 2,369 crore
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The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations
This is second such letter in less than a week that accuses the American ecommerce giant of concealing information and requests CCI to revoke the nod it gave to Amazon-Future Coupons Private Ltd
We are going to show the true face of Amazon to the whole world, said FRL independent director Ravindra Dhariwal
The bench was also hearing a counter plea by Amazon, seeking to restrain the regulators from approving the merger deal
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Supreme Court judge Justice Hima Kohli said she and her family members have shares in Reliance Industries Ltd group firms, one of the interested parties to the litigation
The top court orally asked the Future group to not proceed with the matter at any other forum till the top court finally hears the case
CAIT also wrote to the CCI highlighting the claims made by Future Retail's independent directors.
A promoter entity of the Kishore Biyani's Future Retail has been asked by the ED to provide documents pertaining to the embattled retail giant's 2019 deal with Amazon, the firm said on Wednesday
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The dispute started when Future Retail, India's second-largest retailer with more than 1,700 stores agreed last year to sell retail and other operations to India's biggest retail group Reliance
The FCPL shareholders' agreement between the Future promoters and Amazon has not been approved by the FRL board
The letter has also been sent to other top officials at stock exchanges such as BSE Limited and the National Stock Exchange of India Limited
Biyani stake in group companies falls steadily
Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) in October last year