Amazon.com Inc has reportedly approached the Supreme Court of India seeking a pause of the ongoing antitrust review against the deal of the company with the Future Group that deals with the operation of Big Bazaar outlets.
The antitrust review is investigating the allegations that the American e-commerce giant concealed information while seeking antitrust clearance for deal with Future Group in the year 2019.
According to a report by the Reuters, the Competition Commission of India (CCI) had accused Amazon of concealing facts and making false submissions while seeking approval for making an investment of $200 million into an arm of Future Group.
The CCI has decided to not give any kind of extensions to Amazon to explain itself on the matter. The CCI on Wednesday held a closed-door hearing where the US firm’s lawyers declined to argue and explain their position on the matter. The firm asked the top court to pause the process.
The Future Group has accused Amazon of illegally interfering in its business decisions and detailing a potential deal without which it says it will face liquidation. The group has denied any kind of wrongdoing.