You are the news now

THE NEWS COMMENTER

Screenshot Reuters.com
VOTE  (0)  (0)

India court stalls Amazon, Flipkart antitrust probes: lawyers


Added 02-14-20 05:03:01am EST - “An Indian antitrust investigation of Amazon.com Inc and Walmart's Flipkart ...” - Reuters.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Reuters.com: “India court stalls Amazon, Flipkart antitrust probes: lawyers”. Below is an excerpt from the article.

NEW DELHI/BENGALURU (Reuters) - An Indian antitrust investigation of Amazon.com Inc (AMZN.O) and Walmart’s (WMT.N) Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.

Amazon this week challenged the investigation in a court in Bengaluru and the court has granted a stay of two months, according to a lawyer from P&A Law Offices representing Amazon and two other legal counsels involved in the matter.

The Competition Commission of India (CCI) last month ordered a probe into Amazon and Flipkart over alleged violations of competition law and certain discounting practices.

“This comes as a major relief,” said the Amazon counsel, who declined to be named as he was not authorized to speak to media.

The CCI ordered its probe after a New Delhi-based trader group complained that the e-commerce giants were promoting select sellers and in turn hurting business for other smaller players.

Read more...

Anonymous comments are welcome, just check the "Comment Anonymously" box before submitting your comment. Note: Comments are free and open until someone ruins it. Don't dox, promote violence, etc. Be nice and have fun.

CLICK TO SHARE

COMMENTS VIA TWITTER






BACK TO THE HOME-PAGE