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Amazon loses Indian court appeal against Future Coupons gun-jumping fine

By Freny Patel ( June 14, 2022, 02:18 GMT | Insight) -- Amazon has suffered a significant setback in the legal battle over its initial investment in Future Coupons, with an Indian industry tribunal this week upholding a $25.59 million gun-jumping fine against the US e-commerce giant. In a decision announced on Monday, the National Company Law Appellate Tribunal rejected Amazon's appeal against the antitrust authority's December 2021 order, which suspended the two-year-old approval it had earlier granted to the Future Coupons deal. The appellate tribunal also told the e-commerce giant to pay the fine within 45 days. Amazon has suffered a significant setback in the legal battle over its initial investment in Future Coupons, with an Indian industry tribunal this week upholding a 2 billion rupees ($25.59 million) gun-jumping fine against the US e-commerce giant....

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