Flipkart goes to Supreme Court in antitrust case: Sources

NEW DELHI: Walmart’s Flipkart has appealed to India’s Supreme Court against a state court’s decision that allowed an antitrust probe into the e-commerce firm and its rival Amazon.com Inc to continue, three sources told Reuters.

The Karnataka high court last week dismissed cases filed by Amazon and Flipkart which sought to quash the Competition Commission of India‘s (CCI) 2020 investigation. The companies denied any wrongdoing, but the court said “they should not feel shy in facing an inquiry.”

On Tuesday, Flipkart filed an appeal in the Supreme Court, challenging that decision, three people familiar with the proceedings said.

Further details of the challenge, or Flipkart’s pleas, were not immediately clear. The Supreme Court website showed Flipkart had filed a case against the CCI and other parties, without giving more details.

Flipkart did not immediately respond to a request for comment. Amazon is also expected to file an appeal against the high court ruling, according to people familiar with the case.

The CCI investigation is the latest setback for Amazon and Flipkart, which are grappling with prospects of tougher e-commerce regulations and accusations from brick-and-mortar retailers that the companies circumvent Indian law by creating complex business structures.

The companies face several allegations in the case, including exclusive launches of mobile phones, promotion of select sellers on their websites and deep discounting practices that drive out competition.

FacebookTwitterLinkedin


For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechNewsBoy.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.