MUMBAI/NEW DELHI, May 27 -- In a major relief for e-commerce giant Amazon, the Supreme Court has set aside the Competition Commission of India's (CCI) order imposing a Rs.202 crore penalty on the company for allegedly failing to adequately disclose details of its acquisition of a 49% stake in Future Coupons Pvt. Ltd (FCPL).

A two-judge bench comprising Justice Vikram Nath and Justice Sandeep Mehta delivered the judgment, directing that any amount deposited by Amazon be refunded within eight weeks, along with 6% annual interest on the amount deposited.

"In the event the refund is not made within the aforesaid period of eight weeks, the amount remaining unpaid shall carry simple interest at the rate of 9% per annum from the expiry of eigh...