E-commerce giants Amazon and Flipkart said they are in compliance with all the rules, and will extend full cooperation to the CCI probe, following the Supreme Court’s refusal to entertain their pleas against an investigation into alleged violations of the competition laws. This is as per a report by the PTI.
Amazon and Walmart-owned Flipkart had approached the apex court, challenging the Karnataka High Court’s decision to allow the Competition Commission of India (CCI) to continue its investigation against them for alleged violations of the competition laws.
The Supreme Court refused to entertain pleas of Amazon and Flipkart, saying that challenging the enquiry is like wanting a notice before the registration of an FIR under the criminal law and asked the e-commerce giants to submit themselves to the probe by the CCI.
The CCI’s January 2020 probe order followed a complaint by Delhi Vyapar Mahasangh, whose members comprise many traders dealing in smartphones and related accessories.
On January 13, 2020, fair trade regulator CCI ordered a probe against Flipkart and Amazon for alleged malpractices, including deep discounting and tie-ups with preferred sellers on their platforms, following which both the companies had moved the high court seeking quashing of the probe order.
Last month, the Karnataka High Court had dismissed cases filed by Amazon and Flipkart that sought to quash the CCI’s 2020 investigation, following which the companies moved the Supreme Court.
