National Company Law Appelllate Tribunal (NCLAT) on Monday rejected Amazon’s request that challenged the decision of the Indian Fair Trade Competition Commission (CCI) to suspend approval for the agreement of the e-commerce department with a coupon in the future.

NCLAT has also strengthened the RS 200 Crore fine imposed on Amazon and provided a company 45 days to pay.

The fine has been imposed not to identify relevant information about the combination based on the competition law, 2002, reports.

Confirming CCI’s decision on Monday, Nclat said that they agreed fully with the Anti -Trust Supervisor that Amazon did not make the disclosure “full, fair, frank” about its strategic interest in the Ltd Retail Future – Future Public Companies registered in Public in the Time Front in the future of future public groups in the future for the future groups that run their flagship banners from Big Bazaar.

The bench of two members consisting of judges V Venugopal and Ashok Kumar Mishra, strengthened the findings of CCI and directed him to pay a sentence of RS 200 Crore handed down on Amazon by a fair trade regulator within 45 days from Monday.

The appeal court fully agreed “with CCI, said the bench of two members.

In December last year, the CCI suspected the approval given in 2019, for the Amazon agreement to acquire 49 percent of shares in the Future Coupon PVT Ltd (FCPL). FCPL is a promoter of Ltd (FLL) Retail Future.

The regulator said that Amazon suppressed information while looking for permission for transactions at that time and also slapped a fine of RS 202 Crore at the company.

On Monday, regardless of Amazon’s request, the appeal court has also ordered orders to two other petitions in the issue raised by the Confederations of all Indian traders (CAIT) and the All India Consumer Products Distributes Federation (AICPDF).