India court stalls Amazon, Flipkart antitrust probes: lawyers
NEW DELHI/BENGALURU (Reuters) – An Indian antitrust investigation of Amazon.com Inc (AMZN.O) and Walmart’s (WMT.N) Flipkart has been placed on maintain by a court, three lawyers concerned within the proceedings instructed Reuters on Friday.
FILE PHOTO: An worker of Amazon walks by way of a turnstile gate inside an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa/File Photo
Amazon this week challenged the investigation in a court in Bengaluru and the court has granted a keep of two months, in response to a lawyer from P&A Law Offices representing Amazon and two different authorized counsels concerned within the matter.
The Competition Commission of India (CCI) final month ordered a probe into Amazon and Flipkart over alleged violations of competitors legislation and sure discounting practices.
“This comes as a major relief,” mentioned the Amazon counsel, who declined to be named as he was not approved 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, Amazon denied the allegations and argued that CCI didn’t have ample proof to order the probe.
A lawyer for the Indian dealer group, Delhi Vyapar Mahasangh, mentioned he would attraction in opposition to the court’s resolution 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 firms deny the allegations.
Last month, the commerce minister mentioned Amazon wasn’t doing India any “great 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; modifying by Sanjeev Miglani and Jason Neely