February 27, 2020

India court docket stalls Amazon, Flipkart antitrust probes: legal professionals

NEW DELHI/BENGALURU (Reuters) – An Indian antitrust investigation of Amazon.com Inc and Walmart’s Flipkart has been placed on maintain by a court docket, three legal professionals concerned within the proceedings advised Reuters on Friday.

FILE PHOTO: An worker of Amazon walks via a turnstile gate inside an Amazon Success Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa/File Picture

Amazon this week challenged the investigation in a court docket in Bengaluru and the court docket has granted a keep of two months, in response to a lawyer from P&A Legislation Places of work representing Amazon and two different authorized counsels concerned within the matter.

The Competitors Fee of India (CCI) final month ordered a probe into Amazon and Flipkart over alleged violations of competitors regulation and sure discounting practices.

“This comes as a significant reduction,” stated the Amazon counsel, who declined to be named as he was not licensed to talk to media.

The CCI didn’t instantly reply to a request for remark.

The CCI ordered its probe after a New Delhi-based dealer group complained that the e-commerce giants had been selling choose sellers and in flip hurting enterprise for different smaller gamers.

Over three days of hearings within the Bengaluru court docket, Amazon denied the allegations and argued that CCI didn’t have adequate proof to order the probe.

A lawyer for the Indian dealer group, Delhi Vyapar Mahasangh, stated he would attraction in opposition to the court docket’s choice to place the investigation on maintain.

Amazon and Flipkart have confronted mounting criticism from Indian retailers which accuse them of violating native legal guidelines by racking up billions of {dollars} of losses to fund deep reductions and discriminating in opposition to small sellers.

The businesses deny the allegations.

Final month, the commerce minister stated Amazon wasn’t doing India any “nice favor” by asserting $1 billion in funding, laying naked the tensions with the U.S. on-line retailer.

Reporting by Aditya Kalra and Munsif Vengattil; enhancing by Sanjeev Miglani and Jason Neely

Our Requirements:The Thomson Reuters Belief Rules.

Supply hyperlink

Related posts

AI, the scientist – Cisco Blogs


Contractor admits planting logic bombs in his software program to make sure he’d get new work


Publishing your Chatbot on Microsoft Groups