The Supreme Court has recently set aside a INR 2 billion penalty imposed by the Competition Commission of India (“CCI”) in 2021 upon Amazon for alleged gun-jumping and non-disclosure. This update sets out the key takeaways from the Supreme Court's judgement, including its prioritization of substance over form in filings with the CCI, and the requirement for the CCI to act within the bounds of the Competition Act as well as comply with the principles of natural justice.
To continue reading, please click here.
This insight has been authored by Simran Dhir, Prerana De and Sehaj Mahajan from S&R Associates. They can be reached on [email protected], [email protected] and [email protected], respectively, for any questions. This insight is intended only as a general discussion of issues and is not intended for any solicitation of work. It should not be regarded as legal advice and no legal or business decision should be based on its content.