News has been added to the top of the lists.
Climb up to see them.
Subscribe to the newsletter
India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases
Aditya Kalra - Reuters -
09/12
India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe.
Summary
Companies
India's antitrust body seeks Supreme Court hearing on challenges in Amazon, Flipkart probe
Twenty-three legal challenges filed by Samsung, Vivo and vendors over investigation
Antitrust body says challenges aim to scuttle its investigation
NEW DELHI, Dec 9 (Reuters) - India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe.
In a filing on Dec. 3, reviewed by Reuters and not released publicly, the Competition Commission of India asked the court to hear 23 challenges, filed by Samsung, Vivo, and several vendors on the Amazon and Flipkart platforms, to enable the case to be decided quickly.
Amazon (AMZN.O), opens new tab declined to comment, while Flipkart, Samsung (005930.KS), opens new tab, Vivo and the competition commission did not respond to requests for comment.
The investigation is a major regulatory challenge for Amazon and Flipkart in a market where e-commerce sales are set to exceed $160 billion by 2028, up from $57 billion to $60 billion in 2023.
The commission's investigation unit concluded in August that Amazon and Flipkart breached India's antitrust laws by favouring sele... [Short citation of 8% of the original article]
Loading...
🍪
The economic model of our website relies on displaying personalized advertisements based on the use of advertising cookies. By continuing your visit to our website, you consent to the use of these cookies.
Privacy Policy