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Karnataka HC junks appellant plea, Flipkart & Amazon to halt CCI Probe

Update Hits: 4258
Karnataka HC junks appellant plea, Flipkart & Amazon to halt CCI Probe
Update Hits: 4258

24th July 2021.Mumbai:

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".
 
 
                                                                                               The Competition Commission of India (CCI) celebrated its Annual Day on 20th May, 2019 which marks the notification of the substantive enforcement provisions of the Competition Act, 2002.
 
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