New Delhi, June 23 -- The Supreme Court recently set aside a penalty of Rs.202 crore imposed on Amazon by the Competition Commission of India (CCI). The issue dates back to 2019, when the CCI approved Amazon's strategic investment in Kishore Biyani's Future Group.

In 2020, Future's decision to sell its retail business to Reliance Retail without consulting Amazon triggered a wave of litigation between Future and Amazon. This included Future's complaint that Amazon procured its CCI approval based on incomplete and incorrect information.

In December 2021, the CCI found Amazon guilty of not accurately notifying the Future deal and misrepresenting as well as suppressing material information.

Now the Supreme Court order provides important gu...