24th July 2021.Mumbai:
Karnataka HC junks appellant plea, Flipkart & Amazon to halt CCI Probe
Karnataka HC Div Bench comprising Justice Satish Chandra Sharma and Justice Nataraj Rangaswamy on Friday junked an appeal by Flipkart and Amazon India to stall a probe by the country's competition watchdog, dealing a blow to the two ecommerce platforms. It comes on the back of appellants Walmart-owned Flipkart & Amazon India appealed regulatory body to reverse/ overturn ruling setting the context for the Competition Commission of India (CCI) to probe/ investigate the case in question.
HC observes unequivocally,"Ecommerce firms should not feel shy of the probe if they haven't violated any antitrust laws & moreover bench in uncertain terms stressed this appeal is devoid of any merits and substance".
CCI orders probe against Amazon, Flipkart In Jan 20 serious ALLEGATIONS:
Deep discounting, preferential treatment to certain vendors etc
Etailers like always maintained, "We respect the judgement passed by the H'ble HC and we will give a serious consideration & comprehensively review unfolding development it in detail to determine next steps, and remain in full compliance with Indian laws & will do spiritedly everything to be always compliant".
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Etailers likely to challenge order at SC as story is still unfolding.